Gulf Bank Appoints Bader Nasser Al-Kharafi As New Chairman

On Monday, March 4, 2024, the Board of Directors of Gulf Bank convened and made a significant decision by unanimously electing Mr. Bader Nasser Al-Kharafi as the new Chairman. In addition to this pivotal appointment, Mr. Abdullateef Abdulaziz Al-Sharikh, previously a reserve member, was welcomed onto the board, while Mr. Ali Murad Behbehan was appointed as the Vice Chairman. This board comprises esteemed members including Mr. Ahmed Mohamed Al-Bahar, Mr. Abdulrahman Mohammed Al-Tawil, Mr. Omar Hamad Al Qenaee, Mr. Barak Abdulmohsen Al-Asfour, Mr. Fawaz Mohamed Al-Awadi, Mr. Abdullah Sayyar Al-Sayyar, Mr. Talal Ali Al-Sayegh, and Ms. Reem Abdullah Al-Saleh.

The transition was marked by gratitude towards the former Chairman, Mr. Jassim Mustafa Boodai, for his dedicated service. The Board expressed its unwavering commitment to Gulf Bank’s 2025 strategy, aimed at enhancing both financial and operational performance, while ensuring the delivery of exceptional products and services to customers.

Mr. Bader Nasser Al-Kharafi brings with him over two decades of invaluable experience in the financial and industrial sectors. Having held leadership positions in numerous local and international companies, Mr. Al-Kharafi has been a member of Gulf Bank's Board since March 2012.

Currently serving as the Vice Chairman and Group CEO of Zain Group in Kuwait, Mr. Al-Kharafi also holds key positions such as Vice Chairman of Zain Saudi Arabia and Vice Chairman of Gulf Cables & Electrical Industries Group Co. (K.S.C.P.). Moreover, he is a Board Member and Chairman of the Executive Committee at Boursa Kuwait, Vice Chairman of Heavy Engineering Industries & Shipbuilding Co. (HEISCO), and Vice Chairman of National Investments Company (NIC). Additionally, he serves as a Board Member on the Middle East Advisory Board at Coutts & Co. in the United Kingdom.

Prior to his current roles, Mr. Al-Kharafi served on the executive committee of Mohammed Abdulmohsin Al-Kharafi & Sons (Al-Kharafi Group) and Zain Group. He has previously held positions such as Chairman and Managing Director of Gulf Cables & Electrical Industries Group Co. (K.S.C.P.) and Chairman of National Investments Company (NIC).

Mr. Bader Nasser Al-Kharafi holds a Bachelor's degree in Mechanical Engineering from Kuwait University, a Master's degree in Business Administration from London Business School in the United Kingdom, and is currently pursuing a Doctorate in Business Administration Program at IE Business School (Instituto de Empresa) in Madrid, Spain.

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