With the appointment, Bernd van Linder took over one of Saudi Arabia’s oldest banks, riding on a wave generated by Calvert’s policies after the 2006 stock market crash.

Since then, Saudi Hollandi Bank has gone from strength to strength, with paid up capital amounting to $881.7m at the end of June 2010.

In addition, the bank has expanded its presence throughout Saudi Arabia, with more than 43 branches spread out across the Kingdom.

A new entry on this list, van Linder was ranked at number 31 on the 2010 Gulf’s 50 most efficient CEOs.