BDB CEO retires; names new head

Manama : The Chief Executive Officer of Bahrain Development Bank (BDB) Nedhal Al Aujan has retired from the position, the bank said in a statement yesterday. 

Al Aujan, however, will continue in his current position as CEO until January 8, 2017, said BDB Chairman Khalid Al Rumaihi after accepting Al Aujan’s request for retirement.  

The bank has also named Sattam Sulaiman Al Gosaibi as the new Group Chief Executive Officer of the bank. 

On this occasion, the board of directors expressed their gratitude and appreciation to Al Aujan for all his valued contributions to the bank and its subsidiaries during his period. 

The newly appointed CEO Al Gosaibi has 20 years of banking experience in various  financial institutions, such as the Saudi-British Bank and Al Baraka Islamic Bank.  He also sits on the board of several reputed companies in Bahrain.

Al Gosaibi has graduated from King Fahd University of Petroleum and Minerals obtaining a bachelor’s degree in accounting and earned a master’s degree in business administration from DePaul University.  He is currently holding the position of Executive Manager – Head of Corporate Banking Group at Kuwait Finance House - Bahrain.

On this occasion, Al Gosaibi said: “I am confident that it is a mutual goal between the executive management and the Board to set new horizons and embody new strategies, to stimulate growth and bring added value reflected on different segments of our beloved country.”