National Bank of Kuwait’s Board of Directors announced that it has elected Nasser Musaed Al-Sayer as the Chairman of NBK Group following the demise of the long-serving chairman Mohammad Abdul Rahman Al-Bahar, Trade Arabia reported. The board also elected Ghassan Ahmed Saoud Al-Khalid as the vice chairman. Reserve member Emad Mohammad Abdul Rahman Al-Bahar has joined the board, a statement said. “NBK will continue with its current strategy that was developed under the leadership of the late Mohammad Al-Bahar,” said Al-Sayer. “Al-Bahar was one of the founders of NBK in 1952. Since he joined the board of directors in 1959 and was appointed as a chairman in 1993, he had played a major role in transforming the bank into one of the leading institutions in the Arab world.” Prior to his election as chairman, Al-Sayer had been the vice chairman of NBK since 1993 and a board member since 1980. He has also been a distinguished member in various governmental councils and economic committees. He is a Board member of the Kuwait Banking Association since 1999, and had chaired it between 1999 and 2006.
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