ASBB announces new group CEO

Manama : Al Salam Bank-Bahrain (ASBB) yesterday announced the appointment of Rafik Nayed as Group Chief Executive Officer (CEO) of the Bank following the approvals of the Board of Directors and the Central Bank of Bahrain.

Chairman of the Board of Directors of ASBB, Khaleefa Butti Bin Omair Al Muhairi, said: “Rafik has a proven international track record in banking and finance as well as the necessary expertise which we are confident will give the Bank the momentum to reach new heights in Bahrain and beyond.”

Rafik Nayed is a seasoned banker with over 25 years’ experience. He joins Al Salam Bank from Deutsche Bank where he was most recently the Vice Chairman of the MENA region, Chief Country Officer for the UAE and Senior Executive Officer of Deutsche Bank AG Dubai (DIFC). Before joining Deutsche Bank, Rafik was the Chief Executive Officer of the Libyan Investment Authority and prior to that worked for many years in the oil and gas and financial services industries in a variety of international senior positions.

Commenting on his appointment, Rafik Nayed, Group CEO of ASBB said: “It is an honor to join Al Salam Bank, a successful organization that is fast establishing itself as one of the pioneering Banks in the Kingdom with strong ambitions for growth.”