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H.E. Sheikha Adana Nasser Sabah Al-Ahmad Al-Sabah appointed Chairperson of the Board of Directors of Jordan Kuwait Bank

Mar 06,2024 - Last updated at Mar 06,2024

The Board of Directors of Jordan Kuwait Bank, in its meeting on March 4th, 2024, resolved to appoint H.E. Sheikha Adana Nasser Sabah Al-Ahmad Al-Sabah as Chairperson of the Board, along with Dr. Marwan Al-Muasher as Vice-Chairman, effective immediately.

Sheikha Adana thanked the Board for their trust, highlighting her pride in her appointment and commending the achievements of Jordan Kuwait Bank, particularly in 2023.

She also noted that she anticipates ongoing collaboration between the Board and Executive Management to drive further progress and success, highlighting the pivotal role of the Bank's CEO in these accomplishments.

Sheikha Adana Nasser Al-Sabah brings extensive leadership experience, having served on the Board of Directors of Kuwait Projects Company Holding (KIPCO) since 2020 and as CEO since 2022.

She is also a founding partner and Chair of the Board of Trustees of the American University in Kuwait, Chair of the Board of Directors of United Education Company, and Chair of Panther Media (OSN). Additionally, she serves on the boards of Gulf Insurance Group and Kamco Invest - Kuwait.

She holds a bachelor's degree in English literature from Kuwait University and an honorary doctorate in Humane Letters from Dartmouth University, USA. She has been featured in Forbes Middle East's list of the 100 most powerful businesswomen for 2024.

Meanwhile, Dr. Marwan Muasher holds a doctorate in computer engineering from Purdue University, USA.

He has held several ministerial positions in Jordan, including Deputy Prime Minister, Minister of Foreign Affairs, and Minister of Information. He has also served in the Jordanian Senate and as a Senior Vice President of External Affairs at the World Bank from 2007 to 2010.

Currently, he is Vice President of the Carnegie Endowment for International Peace and sits on the boards of various local and international companies, banks, and institutions.

It is worth noting that KIPCO is a prominent and diversified holding company in the Middle East and North Africa, managing assets exceeding $33 billion. It has significant ownership stakes in over 60 companies across 24 countries, with main activities spanning financial services, media, real estate, industry, and education. 

KIPCO is also a major shareholder in Al Rawabi United Holding Company, which holds 51% of Jordan Kuwait Bank's capital, and in Burgan Bank Group - Kuwait, which operates banks in Turkey, Algeria, Tunisia, and Bahrain.

 

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