Saudi-PL12-25.Abdulkareem Abu Al Nasr
Posted inUncategorized REVEALED: The world's most powerful Saudis

Abdulkareem Abu Al Nasr

Company: National Commercial Bank

Designation: CEO

National Commercial Bank (NCB) – also known as Al Ahli Bank – was the first Saudi bank, is the largest bank by assets in the Arab world and is regarded as one of the pioneers in Islamic banking and finance in the world.

Heading up the lender is Abdulkareem Abu Al Nasr, who was appointed as general manager in 2005, before becoming NCB’s first-ever CEO just a year later. Since then the bank’s performance has gone from strength to strength. Last year, it posted a net profit of $1.6bn, a whopping 27 percent rise on the previous year. The good results were helped by the bank’s strategy to diversify its revenue sources, and to cut back on operating expenses. The latter dropped by thirteen percent over the year, while banking fee income rose by six percent.

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