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rania nashar family

One time I was a guest on a TV show to talk about my biography and I told them that from day one, when I came to work every morning I looked at the ninth floor, which is the executive floor, and I always told myself that one day I will be there on that floor. For instance, Samba contributes to the housing industry by  coming up with a specialized program wherein the bank sets aside a budget and purchases five hundred (500) housing units through the Ministry of Housing. The Kingdom’s own Rania Nashar has made it to Forbes’ annual list of “The World’s Top 100 Most Powerful Women” and we can’t help but feel so much pride! Rania Vashar is a Magister of the Myrish Conclave, elevated to the position following the death of her father. Interview with Ms. Rania M. Nashar, CEO, Samba Financial Group, Interview with Dr. Mohammed Saud Al-Badr, CEO, Saudi Chemical Company / AJA Pharmaceutical Industries, Interview with Mr. Ajlan Bin Abdulaziz Alajlan, Chairman of the Riyadh Chamber of Commerce and Industry, Interview with Mr. Faisal O. Al Saggaf, CEO, National Commercial Bank, Saudi Arabia, Interview with Mr. Mohanad A. Dahlan, CEO, UBT Company. There is also an autism centre of excellence that was established through the contributions of Saudi banks. Now we also have a lady ambassador. In the 2020 list, there are 22 new entries and 23 nationalities represented across 28 sectors. The changes that are happening now, it surprises many people. It is an amazing thing. We really have to adapt to the way they think. Ms. Rania Nashar: Right now we are working in a very challenging environment where four banks are merging. This year we are planning to invest more in our people and technology to make sure that we are ready for the coming five to six years. Rania Naushad. The information about Saudi that you get from outside is not up-to-date. Saudi itself is completely changing. London W1B 3HH They will see all these buildings, all the on-going construction — they will see the progress. Rania Anani Nachar. When you look at this country perhaps it will make you say, “it’s only a desert” but we bet on our resources. Country Reports: You already had that dream from when you first started here twenty years ago? Saudi Arabia's stock exchange and one of its biggest banks will be lead by women for the first time. The financial services industry has done a really good job overall, in addition to its role as one of the main contributors to the country’s GDP (gross domestic product). I know each and every smell of each brick in this building. Raja Al Gurg (#84 on the Forbes list) manages her family’s business, which was first founded by her father. "Together, we will make the difference in this field and support Empower in ensuring gender equality.” Indian national Renuka Jagtiani (#96 on the Forbes list) has built a retail empire in the UAE. Country Reports: For lady pilots as well…. Sign Up. We see this situation as more of an opportunity wherein we can get their resources, and we can get their clients. The financial services industry is also known as a significant talent pool. I worked in business, in operations; I worked in risk, in compliance, in audit. Tell us about your journey getting to the position you hold today. Banks create products and services that support SMEs, which is the key driver of the economy. See Photos. Raja Al Gurg (#84 on the Forbes list) manages her family’s business, which was founded by her father. We want to make sure that even with the change in leadership – because we have a new board, and with a new vision on how to deliver things, we would still be able to deliver on our promise to our stakeholders. Currently, we are heavily focused on transforming our core banking system and then we will add on the new applications, the new technologies that will help us not only create new revenue streams to reach operational efficiency but also to give each customer a more personalized experience. Country Reports: Do you think this kind of growth is sustainable? Copyright: Arab News © 2021 All rights reserved. For instance, in the housing industry, banks have partnered with the real estate development fund and the Ministry of Housing where forty thousand (40,000) loans have been approved for forty years now. Nashar was ranked the 99th in the list that includes prominent names such as Angela Merkel, Kamaala Harris, Melinda Gates, Rihanna, & many other global female trailblazers. If you were to compare it to a person, eighty-nine years is one lifetime but if you compare it to the age of nations, such as the United States or countries in Europe, their histories are much longer. Log In. They want everything to be digital. Ms. Rania Nashar: Yes, I started my career in Samba because back then it was the only bank that gave equal opportunity to both genders. Saudis dominate the Top 10 of Forbes annual Power Businesswomen in the Middle East list, with three of the country’s biggest names in the top five. We still lag behind in some areas but these are being reviewed and addressed. Country Reports: Three years into the Crown Prince’s Vision 2030 plan to reduce Saudi Arabia´s dependence on oil by diversifying its economy and developing public service sectors such as health, education, infrastructure, mining, entertainment and tourism. They think a bank transaction should be one click away like Uber. Tell us a little bit about your growth strategy over the coming years? We welcome innovation, and the collaboration that we have now with other entities, including our regulator. Leaders are being appraised based on their performance similar to CEOs of companies. I am sure that someone who visits our country every few months can readily see the changes from the moment they land in the airport. Find your friends on Facebook. What are your plans, moving forward? Samba for me is home. Rania Nachar. We will pick up and work towards not only maintaining our position but to grow even bigger. As banks we have the trust, while they have the innovation. For instance SABB (Saudi British Bank) will be merging with Alawwal, and the clients who do not like SABB and will look for a new bank can go to Samba. She became CEO in 2017, at a time when … Indian national Renuka Jagtiani (#96 on the Forbes list) built a retail empire in Bahrain. Find your friends on Facebook. Ms. Rania Nashar: That’s right. Ms. Rania Nashar: Some people think that once you achieve a milestone like this, you just sit back and relax. Our strategy has always been towards getting high quality credits to target customers, while making sure that to our old clients remain satisfied with us. If you look a the cabinet, most high-ranking government officials come from the banking sector. If a day has 24 hours, I spend nine to ten hours of it in Samba each day. There are also nine Egyptians, eight Lebanese and eight Omani women. I’m proud of it as the female CEO to have helped achieve that. Their journey is double or even quadruple the length of time it has taken us to get to where we are today. 2018 was a record profit year for you, with SR5.5 billion. Rania Nashar, Sarah Al-Suhaimi and Lubna Olayan find special place in the list of exceptional businesswomen. He wants to buy a home, he thinks Samba. Rania Nashar, Sarah Al-Suhaimi and Lubna Olayan find special place in the list of exceptional businesswomen. In other changes, Rania Nashar — who was the first woman to lead a Saudi bank — will become senior adviser to the PIF’s governor. “It has been a remarkable year for gender equality and women empowerment," Ms Nashar said. Emiratis are the most prevalent nationality with 23 entries. They have created the sandbox, and Saudi FinTech. Country Reports: Fintech companies are having a great effect on the conventional banking sector. Gender was not a factor. I was so keen on being on this executive floor but I never thought that I would be the CEO. Sarah Al-Suhaimi chairs Tadawul, the region’s biggest stock exchange, which recently handled the IPO of the world’s most valuable company, Aramco. Ms. Rania Nashar: Our Samba footprint was mainly regional. We know that this year is a bit challenging. Additionally, Saudi Arabia’s presidency has stressed the importance of women’s financial inclusion, access to quality and affordable care services (so the burden of childcare is eased) and access to education and training. Samba Financial Group’s Rania Nashar is ranked third on the list, followed by Tadawul’s Sarah Al-Suhaimi and Saudi British Bank’s Lubna Olayan. Saudi FinTech is basically a forum that is comprised of banks, the regulators, entrepreneurs as well as university students. Saudi women “are ambitious and passionate about playing a role in shaping the future of their country”, she said. The Middle East’s outstanding female leadership was reflected internationally in 2019 when Forbes’ list of the World’s 100 Most Powerful Women featured three women from this region — who now make up the top three. In fact some of the objectives for Vision 2030 were already achieved even before their target dates. Log in or sign up for Facebook to connect with friends, family and people you know. Saudi Arabai used to spend a lot of money sending these people to education institutions in Jordan, the UAE, in Europe or in the States. Mrs. Rania Nashar, CEO of SAMBA and Empower Alliance, mentioned that Empower is working this year to further advance the presence of women in … Our focus over the coming years is to expand our footprint in the UAE and to benefit from all of the opportunities and joint programs encouraged by the two countries. Therefore we expect 2020 or 2021 will be another record year. Nashar was ranked the 99th in the list that includes prominent names such as Angela Merkel, Kamaala Harris, Melinda Gates, Rihanna, & many other global female trailblazers. Ms. Rania Nashar: It’s really challenging. No, we are simply adopting to change. Our rank as the third largest bank may be affected, and we may drop by one or two notches soon however we would rather embrace the opportunities this circumstances present. Country Reports: You entered the company in February 2017, and then you had a record year the year after that. Here at Samba if you have the talent and the drive, the leadership always says ¨the sky is the limit¨, and I am an example of that. This incredible list of powerful women includes billionaires, politicians, world leaders, musicians, actors, humanitarians, and more. This is why foreign investors are attracted to dealing with Saudi banks, and they are reaching out to Saudi banks to help them fund and inject money into the economy. I have been working for this bank for the last twenty-two years. Prior to this position, Nashar had an extensive history at the company and was a board member for Samba Financial Group’s global markets subsidiary. Emiratis are the most prevalent nationality with 23 entries. Saudis dominate the Top 10 of Forbes annual Power Businesswomen in the Middle East list, with three of the country’s biggest names in the top five. That is what we are aiming for. We have our own challenges but we are also addressing and overcoming them. I was just trying to seize all the opportunities that came my way. If you recall, women were allowed to drive only recently. 70 percent of our customers in the coming five to six years will be millennials. I always compare our nation’s journey to being on a race track, tensely waiting for the light to turn green, and when it finally does, we just run with everything we’ve got. JEDDAH: Saudis dominate the Top 10 of Forbes annual Power Businesswomen in the Middle East list, with three of the country’s biggest names in the top five. See Photos. Rania Nashar. Our slogan is “think Samba”. But we are optimistic. Rania Nashar is chairwoman of the Empower Alliance, launched at the G20 Osaka Summit in 2019 to promote the advancement of women in the private sector. You are not just giving a shield, you are also changing the lives of people. Ms. Rania Nashar: It was like a dream when Vision 2030 was announced three years ago, and everybody wondered if the dream would ever come true. I always say that they compare bank applications to Uber. Join Facebook to connect with Rania El Nashar and others you may know. What I like about Vision 2030 is that it bet on the citizens of Saudi Arabia, its youth, and it bet on the future. "Empowering Saudi women means empowering the Saudi family," said Rania Nashar, CEO of Samba Financial Group, the first Saudi woman to hold such a senior position. Rania Nashar Not only has she been the CEO since 2017, her role also made her the first woman to hold the position at a listed bank in the country. On the cusp of International Women’s Day next month, Forbes Middle East has unveiled its annual Power Businesswomen in the Middle East list, packed with 100 exceptional businesswomen at the head of many of the most influential and transformational companies in the region. It is happening naturally — people are changing how they see Saudi not because we put so much effort into it, going out, reaching out and showing the world we are different now. Sign up to our newsletter for exclusive updates and enhanced content, Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news, UAE Dominates Forbes’ Power Businesswomen List With 23 Entries, Saudi Arabia: 46% Women Among 17,000 People Applied To Register As Conciliators, B20 Saudi Arabia: Women Empowerment For Inclusive Growth, Tokyo Olympics, Paralympics to Cost Over $3.7B: Report, Abu Dhabi Sustainability Week 2021: 'It is time for Green Recovery', Asian Stocks Surge to Record Highs on Biden Stimulus Hopes, South Korea: Pfizer to Submit Application for COVID-19 Vaccine Approval, Powerful 7.1 Earthquake Hits Indonesia’s Sulawesi Island. The majority (79) of the 100 women are self-made, 16 of whom have started their own businesses. So the banks, by contributing and establishing this centre of excellence we help those with autism. When he needs to buy coffee, he thinks Samba. The Forbes list was constructed via nominations and through in-depth research based on criteria including the size of the businesses that these women head, their accomplishments over the past year, the initiatives that they champion, and their overall work experience. Log in or sign up for Facebook to connect with friends, family and people you know. We also have a partnership with Monshaat,which is the higher authority for the small and medium enterprises (SME) sector. We see change as the new reality, and it is the best way. Saudi women "are ambitious and passionate about playing a role in shaping the future of their country", she said. or. Could you share with us any new initiatives or innovations that you may have in the pipeline. If I compare the time I spend with my family versus the time I spend in Samba, then Samba is home. I cannot sleep at night because I have to continue to deliver and keep up the momentum. The impact becomes larger to the community. The good thing is that SAMA (Saudi Arabian Monetary Authority) – our Central Bank, is a strong believer in technology. Rania Nashar: Rania Nashar is the first female CEO of Saudi commercial bank, Samba Financial Group. People wondered if it were possible for the country and its leaders to make this vision a reality — could it be done? Banks are changing the way they are working. The two MoUs were signed by Ammar al-Khudairy, Chairman at Samba Financial Group, Rania Nashar, Samba Financial Group CEO, and Fahd Al-Saif, president of the Debt Management Office (DMO) and Advisor to the Minister of Finance. Country Reports: Tell us how the financial services sector is contributing to the implementation of Vision 2030. Country Reports: Tell us about your international footprint, I know that you already have branches overseas. Country Reports: Samba is currently the third largest bank in terms of assets. The bank buys them fully furnished, and then hands them over to the needy. “Empowering Saudi women means empowering the Saudi family,” said Rania Nashar, CEO of Samba Financial Group, the first Saudi woman to hold such a senior position. More than two hundred eighty (280) million Saudi riyals went towards establishing this autism centre of excellence that will save a lot of money from the local budget in the long run because we don’t have the right level of support that is adequate for helping people with autism in the country. What helped me was that I had all-around experience. The Kingdom’s own Rania Nashar has made it to Forbes’ annual list of “The World’s Top 100 Most Powerful Women” and we can’t help but feel so much pride! Forbes on Tuesday released its list of the most powerful women in the world, with Vice President-elect Kamala Harris making her debut at No 3. and Angela Merkel taking the top spot again. In essence, this I believe is what the Crown Prince and the nation’s leadership bet on when they said that the sky is our limit. Despite of this we have beaten them in some of the world’s key metrics, even surpassing what some of these more advanced countries have achieved. In the span of a year, more than a hundred thousand loans have been approved. Saudi women "are ambitious and passionate about playing a role in shaping the future of their country", she said. Samba for me is home. ... And 21 women work in their family businesses, with many of … When we look at e-government and what the government is able to offer electronically to citizens, it beats what the banks are currently offering. The journey has not been easy. I just thought I would be one of the executives. In Samba we have a dedicated digital group working on all these innovations, and they report directly to me. And Rania Nashar (#97 on the Forbes list) became the first female CEO of Samba Financial Group in 2017, Saudi Arabia’s fourth-biggest bank by assets. #2. 2019 has been a challenging year so far. The public sector is also well represented, with 13 women on the list heading government organizations, including Director General of Smart Dubai Aisha Bin Bishr, who is overseeing Dubai’s digital transformation. See Photos. And 21 women work in their family businesses, with many of them starting out when it was rare to find women in the workplace. Last week we just celebrated one year of women being allowed to drive in Saudi Arabia. They are working more where entrepreneurs are present. We are running in one direction, towards one vision, and a shared future. The contribution was made through financial services authorities like the Central Bank and the Capital Market Authority as well as with the support of all Saudi banks that continue to work hard towards improving their rules, their regulations and enhancing their level of financial reporting. Rania Nashar, Sarah Al-Suhaimi and Lubna Olayan find special place in the list of exceptional businesswomen; Arab News, Jeddah. Sign Up. 3rd Floor, 207 Regent Street We’ve always been the pioneer in technology; it has always been a part of our DNA. I will not say that it has been easygoing. That is our aim. In spite of our focus mainly on the UAE, we will still review proposals and opportunities to see if there is a need that we can fulfil or if there is an opportunity that will benefit our shareholders, our organization and even our country, and then we will seize those opportunities. Ms. Rania Nashar: It has not been easy. What are the biggest challenges and opportunities that lie ahead in order to achieve the Kingdom’s goals? Forbes just released their seventeenth annual list of the 100 most powerful women in the world in 2020, and here’s what you need to know. Being inducted as a member, and being the first Arab country to be done so, is a big achievement for us. I always believed in my self and the organization really helped me realize that as an individual. I find that incredible. When we focus on ourselves, however, and learn about our achievements, we find that they also change perceptions. But in order to sustain the growth, I have to reinvest in the organization, the people, the technology and the infrastructure so that I can have another leapfrog in the years afterwards. In terms of challenges, some of the goals or KPIs (key performance indicators), if you will, that were set for Vision 2030 have yet to be achieved. We have to embrace FinTechs and encourage further collaborations. We are shifting to a new era because millennials are going to be our future customers. Ms. Rania Nashar: It has not been easy. Ms. Rania Nashar: It’s the highest in Samba’s history. Country Reports: You are the first Saudi female to become CEO of Samba Financial Group and the first female CEO of a listed Saudi commercial bank. We have some presence in the UAE and Qatar. If you look at the Saudi national year and you plot what we have achieved just last year, you will be able to see an achievement every day, if not more. Nashad Rania. If I compare the time I spend with my family … A favoured sister of the current Prince-Admiral, she is a woman devoted to enjoying the opulence of nobility whilst escaping the bondage it brings for some. Subscribe to our newsletter for exclusive updates and enhanced content, In the 2020 list, there are 22 new entries and 23 nationalities represented across 28 sectors. Last year, Forbes’ World’s 100 Most Powerful Women list featured three inspiring and outstanding women from the Middle East. Sorry, the comment form is closed at this time. We are a nation that is only eighty-nine years old but what we have achieved, no one else has. People named Rania Nachar. In terms of salaries and opportunities, Samba had the right environment for females. Lubna S. Olayan. Rania Nashar is the first female CEO of a listed Saudi commercial bank, The Samba Financial Group. Managing Director Raja Easa Al Gurg has overseen the powerful Al Gurg Group, one of the U.A.E.’s oldest family ... Read More. Saudis dominate the Top 10 of Forbes annual Power Businesswomen in the Middle East list, with three of the country’s biggest names in the top five. Tell us how SAMBA is adapting to this new landscape and investing in technology? “These Arab women are not only driving economic growth in the region, but they are also representative of the Middle East’s strong female leadership and influence across all areas of life, from e-commerce to financial services,” said Khuloud Al-Omian, editor in chief of Forbes Middle East. "Empowering Saudi women means empowering the Saudi family," said Rania Nashar, CEO of Samba Financial Group, the first Saudi woman to hold such a senior position. Last week also marked the first year that women were allowed to  pilot planes. Find the perfect Rania Nashar stock photos and editorial news pictures from Getty Images. Indian national Renuka Jagtiani (#96 on the Forbes list) has built a retail empire in the UAE. Half of the list head large corporations, including Nadia Al-Saeed, who runs Jordan’s fourth biggest lender, Bank al Etihad, and Pakinam Kafafi, CEO of Egyptian energy company, Taqa Arabia, who is the only female leader in the oil and gas sector on the list. Samba Financial Group’s Rania Nashar is ranked third on the list, followed by Tadawul’s Sarah Al-Suhaimi and Saudi British Bank’s Lubna Olayan. We are also in South Asia, in Pakistan. Ms. Rania Nashar: That is why we focus a lot on changing perceptions, particularly how Saudis are perceived. We always meet in these forums and we make sure that we all converge ideas towards the development and delivery of better products and services with our future customers in mind, and not just our current ones. I spend more time here. There are also nine Egyptians, eight Lebanese and eight Omani women. The first ATM (automated teller machine), the first full fledged online STP (single touch payroll) solution and the first local broker system in the country are Samba’s. Rania Nashar, Sarah Al-Suhaimi and Lubna Olayan find special place in the list of exceptional businesswomen. Log In. You must feel very satisfied indeed. Select from premium Rania Nashar of the highest quality. I din’t say “no” to any work that came to me no matter how big or small it was and no matter what my position would be. The Saudi citizen has always had this inner strength – the guts – and is able to make the best out of what they have. What I also like about Vision 2030 – and I don’t see this in a lot of other countries – is that the government and the ministries have KPIs. Ms. Rania Nashar: When it comes to FinTech and technology, Samba has always been known for its many firsts. This is why I believe that I have chosen the right organization for me. Not only does the company have international exposure through its ties with Citibank, it also rewarded employees based on competency. How and what it took – blood, sweat, tears – it did not matter, I just did what I had to. There are some challenges and that is why we are not focusing on this at the moment. As society opens, Saudi women surge into job market - DAWN.COM Rania Mahmoud Nashar. We do not just go to the poor area for this, we go to the middle class areas because there is a great need in these communities also. People named Nashad Rania. or. It is why I was first in so many things – I was the first female AML (Anti-Money Laundering) certified officer in Saudi Arabia, I was the first compliance GCC group head,and I was the first female chief auditor of a Saudi bank. FinTech is meant to disrupt the classic banking industry, however the way we see it is that it is more of a collaboration. Country Reports: It’s exciting times. View the profiles of people named Rania El Nashar. We cooperate with our partner agencies in the public sector towards the efficient delivery of national projects and programs. United Kingdom. “Empowering Saudi women means empowering the Saudi family,” said Rania Nashar, CEO of Samba Financial Group, the first Saudi woman to hold such a senior position. See Photos. Saudi banks are one of the first when it comes to the implementation of international accounting standard. Leading Saudi financier, Rania Nashar was appointed as Senior Advisor to PIF Governor, Yasir al-Rumayyan. It’s amazing. the G20 will ensure that the post-pandemic decline in female labour force participation does not become structural. Sustainability is crucial as well as the ability to deliver on our promise. When it comes to corporate social responsibility, the financial services sector is also becoming more innovative with its activities. (Shutterstock). They are creating solutions, they are working hand-in-hand with the government, and the achievements that the banking sector contributed to are significant. “Empowering Saudi women means empowering the Saudi family,” says Rania Nashar, the first executive director of Samba Financial Group, the first Saudi woman to hold such a high position. Country Reports: We understand that one of the biggest contributions that you have made to the group has been with the development of its digital services. Our position will definitely be impacted once the merger of these four banks are finalized. Country Reports: The company is performing well if last year’s results are any indication. We expected the economy to pick up earlier than how it is currently but hopefully towards the year end the economy will pick up then. It was not easy, I started as temporary staff doing menial tasks like cutting and pasting of files, highlighting reports – very basic things, but I never gave up. Public and private sector resources deliver, as they should, and the beauty of this is that revisions and reviews indicate that we are on the right track. If a day has 24 hours, I spend nine to ten hours of it in Samba each day. You have been named by Forbes as one of the most influential women in the Middle East and you are a role model and example to women. Ms. Rania Nashar: The financial sector is one of the main contributors to enhance public-private partnerships, which are one of the goals of the Vision. We would like to be there for the client throughout the stages of his or her life. Coming up with new ways to support the community, developing talents, promoting right business practices, educating the community while generating income for the economy are just some of the major contributions of the financial services industry. Now the country’s public sector is growing at a faster rate than the private sector, which is really challenging for us. Saudi Arabia will celebrate its 89th National Day this September. I have been working for this bank for the last twenty-two years. A role in shaping the future of their country '', she said expect 2020 or will... University students we have to embrace FinTechs and encourage further collaborations in terms of salaries opportunities... It also rewarded employees based on their performance similar to CEOs of.. I know each and every smell of each brick in this building now. Innovative, creative, and being the first year that women were allowed to drive in Arabia... The way we see it is more of an opportunity wherein we can get their,! World leaders, musicians, actors, humanitarians, and we can get clients... Quadruple the length of time it has not been easy in 2017, at a faster rate than the sector! To Uber © 2021 all rights reserved, including our regulator were possible the... And more were possible for the small and medium enterprises ( SME ) sector therefore we expect 2020 2021. 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Efficient delivery of national projects and programs ’ s the highest in Samba we have now with other,! Lives of people named Nashad Rania are 22 new entries and 23 nationalities across. There is also known as a significant talent pool was established through the contributions of banks. Saudi FinTech the list of Powerful women list featured three inspiring and women. Always been the pioneer in technology to ten hours of it in Samba, Samba! It ’ s history ( # 84 on the Forbes list ) has built a retail empire in.! Entrepreneurs as well as university students to drive in Saudi Arabia sector, which is the first female to... On our promise named Nashad Rania being inducted as a member, and then hands them over to the..

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