GIB appoints Fadel Almeer as Country Head for KSA Operations

Mr. AlMeer, a Saudi Arabian national, has extensive experience in many banking fields, including corporate banking, project finance, syndications, facility structuring and corporate relationship management. He joins GIB from National Commercial Bank where he served for 14 years in various assignments, the last of which was Chief Corporate Banker in the Institutional Banking Group. Prior to that, Mr. AlMeer worked with AlBank AlSaudi AlFransi.

"I am delighted to join a pioneering Bank like GIB, which has been a market leader in many investment banking fields. The Bank has a good franchise in the Kingdom of Saudi Arabia, which represents its largest market in the GCC. I believe there is great potential for expanding the Bank's business in the kingdom in the coming years," said Mr. AlMeer.

Commenting on this new appointment, Dr. Khaled M. Al-Fayez, Chief Executive Officer, said:

"Saudi Arabia is a very important and promising market for us. We have been serving our clients in the kingdom through our branches in Riyadh and Jeddah. The appointment of Mr. AlMeer comes as part of our efforts to improve our customer service in Saudi Arabia and to expand our franchise in the region's largest market."

GIB is a leading merchant bank in the Middle East with its principal focus on the Gulf Cooperation Council (GCC) states. With a proven track record spanning more than 30 years, GIB provides client-led, innovative financial products and services to a wide customer base in the region, including investment banking, capital markets debt securities, private equity, asset management, project and structured finance and Islamic banking.