Saudi Arabia’s first female CEO makes Forbes 100 most powerful women

Rania Nashar, Samba Financial Group CEO
Rania Nashar, Samba Financial Group CEO

Saudi Arabia's first female Chief Executive Officer (CEO) isnamed in Forbes 100 most powerful women in the world for a second time.

Rania Nashar, SambaFinancial Group CEO, was ranked 97th in the list that also included 16-year-oldclimate change activist Greta Thunberg.

The list also included the United Arab Emirates' Raja EasaAl-Gurg ranked at 84. The Emirati, who is a Board Member of the DubaiChamber of Commerce and Industry, was also featured in the list in 2017.

The top 10 in the list included German Chancellor AngelaMerkel and Christine Lagarde, who was newly appointed president of the EuropeanCentral Bank (ECB).

Nashar was appointed CEO in 2017, becoming Samba's firstfemale CEO and simultaneously, the first female CEO of a listed Saudi Arabianbank.

Nashar arrived in the post with 20 years in the bankingsector having served as a board member of Samba's global markets subsidiary anda Pakistani unit.

Samba isSaudi Arabia's third-largest bank by assets with more than $61bn in assetsunder management.

Nashar has achieved several 'firsts' at Samba. She wasthe first female Chief Audit Executive; the first female Compliance Head of abank in the Gulf Cooperation Council; and the first Saudi Arabian womancertified as an Anti-Money Laundering Officer.

In her time with Samba, she has worked on its merger withUnited Saudi Bank, oversaw the development of its digital services and thenhelped the transition to a fully Saudi institution following Citibank'sdecision to withdraw its management agreement. Samba Financial Group is SaudiArabia's third-largest bank by assets. Nashar graduated from KingSaud University with a degree in Computer Science and Technology.

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