Bank Aljazira announced on Monday the appointment of Nabil Dawoud Alhoshan as the bank's new chief executive officer effective Aug. 1, 2010, it said in a statement. Taha Abdullah Alkuwaiz, the chairman of Board of Directors, said the Board decided to appoint Alhoshan as the bank's CEO based on the bank's approach to attract the best human resources to reinforce its strategy toward expansion and growth by offering more products that the market needs and meeting customers' requirements and expectations. “We are going through the right path to achieve our strategic objectives, as the bank has been successful in the last two years in implementing a series of initiatives and projects, including infrastructure re-engineering, expanding our network and electronic channels, reinforcing our products and services in all fields, opening corporate regional offices, and offering financial services of highest caliber in the banking industry, in addition to attracting the best human resources and applying the latest technologies,” Alkuwaiz pointed out. He further said “Bank Aljazira is giving special attention to the upgrading of its human resources to match the distinguished levels of business achievements which it aspires,” adding that the “bank is currently considered as a pioneer private Saudi organization with over 87 percent of Saudi workforce.” Moreover, he said the bank has a lot of work to do in order to continue supporting the achievements and offer more products that meet the customers' needs and market requirements in a way that ensures diversification of sources of revenues and reinforcement of the bank's capabilities to face challenges and achieve better profitability in the near future. Alhoshan is a seasoned Saudi banking veteran with over 26 years of related experience. His last position was head of Personal Banking Services at the Saudi British Bank. He also has served in executive and leadership capacity positions with the National Arab Bank and Samba in addition to being a board member in several companies. He expressed gratitude to the bank's shareholders and customers for their continued trust and support, thanking Ziad Tariq Aba Alkhail, the interim acting CEO, for his great efforts.
