Shutterstock/PREJU SURESHby Kudakwashe Muzoriwa
Gulf International Bank (GIB) has appointed Sara Abdulhadi as the new Group Chief Investment and Treasury Officer.
Abdulaziz Al-Helaissi, the Group Chief Executive Officer of GIB, said, “Sara Abdulhadi’s experience and exceptional track record in the industry, including the Saudi market are key for GIB.”
The Group CEO said that Abdulhadi’s experience will further build and manage the lender’s investment and treasury business, at the same time supporting GIB’s sustainable growth.
The bank completed the conversion of its Saudi Arabia branches into a locally incorporated bank in April 2019, the first time that a foreign bank in the Kingdom has become locally incorporated.
GIB Saudi Arabia is owned equally by the Public Investment Fund (PIF) and GIB with a paid-up capital of SAR 7.5 billion.
The bank has been operating in Saudi for nearly twenty years and in 2015 launched ‘meem’ the world’s first Shari’ah compliant digital bank.