Bahrain Development Bank (BDB) Chairman Mr. Khalid Al Rumaihi announced that the Board has approved the request of Mr. Nedhal Al Aujan to retire from his position as the bank’s Chief Executive Officer, therefore he will continue in his current position until January 8, 2017, and has appointed Mr. Sattam Sulaiman Al Gosaibi as the new Group Chief Executive Officer of Bahrain Development Bank.
On this occasion, the Board of Directors expressed their gratitude and appreciation to Mr. Al Aujan for all his valued contributions to the bank and its subsidiaries during his period.
The board stated that Mr. Al Aujan has played a vital role in promoting the objectives of the bank and keeping it in the same rank of pioneering regional and international development establishments.
The newly appointed CEO Mr. Al Gosaibi possesses 20 years of banking experience in various prestigious 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.
Mr. 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.
The Board of BDB wishes every success to Mr. Al Gosaibi on his new appointment and expressed their full confidence in his ability to manage the bank and to take it to new heights. The Board also affirmed to offer its full support and assistance to Mr. Al Gossaibi.
On this occasion, Mr. Al Gosaibi said: "I would like to thank the members of the Board of Bahrain Development Bank for the trust and opportunity to run a unique financial institution distinguished in its contributions in developing our country. 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.”
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