GCC's Most Admired Executives-Ibrahim Dabdoub

GCC's Most Admired Executives-Ibrahim Dabdoub
GCC's Most Admired Executives-Ibrahim Dabdoub
Sun 06 Dec 2009 03:52 PM

Palestinian Ibrahim Dabdoub has served at the helm of the
National Bank of Kuwait (NBK)

, the Arab world's fourth largest lender, since 1983.

Dabdoub has steered the bank through stock market crashes and the invasion of Kuwait, and is equally on track to weather the current economic storm. In October,
NBK

announced a third quarter net profit increase of 10 percent.

Despite the increase in profit, the lender hasn't been entirely spared from the economic crisis. This year it has been forced to set aside voluntary loan provisions for its products related to Bernard Madoff's $65bn Ponzi scheme. It is also owed around $7.5m by the troubled Saudi conglomerates
Saad

and
Algosaibi

.

NBK

duties aside, Dabdoub remains an active committee member with roles on a number of key academic and economic boards.

He is a board member of the Centre for Contemporary Arab Studies at Georgetown University, Washington DC, the International Advisory Board Council on Foreign Relations and the Arab Thought Forum, Jordan.

He is also a member of the Arab Business Council at the World Economic Forum, Geneva.

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