Industry: Banking & Finance
Company: National Bank of Kuwait (NBK)
Palestinian tycoon Ibrahim Dabdoub has been CEO of the
National Bank of Kuwait (NBK)
, the fourth largest bank in the Arab world, since 1983. With the same mettle that saw him rise from deputy chief executive to CEO in two years, 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. Kuwait’s banks saw the only net profits in the GCC last year, according to a report by
Global Investment House
Net profit at
increased 3.87 percent in 2009 to $920.23m, allowing the lender to raise its stake in Kuwait’s Islamic lender,
, to 40 percent.
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; the Arab Thought Forum, Jordan; and the Board of Trustees of Kuwait Maastricht Business School, as well as a member of the Arab Business Council at the World Economic Forum, Geneva. He served previously on numerous other boards, including the Institute of International Finance, Washington, DC.