News 2009

Dec 2009


Eisa Al Eisa Wins the Euromoney QFC Lifetime Achievement Award for Outstanding Contribution to Financial Services in the Middle East

Mr. Eisa M. Al Eisa, the Managing Director and CEO of Samba Financial Group, has won the 2009 Euromoney QFC Lifetime Achievement Award for Outstanding Contribution to the Development of Financial Services in the Middle East.. This is only the 4th time a CEO from the Arab world has won the prestigious award, which Al Eisa received at a ceremony at the Four Seasons Hotel in Doha, Qatar. The event was attended by prominent figures and representatives of leading financial and banking institutions in the region. Euromoney commented on the Award by saying, "Al Eisa has proved that local is best. After parting with Citi in 2003, Samba has thrived under Al Eisa's leadership.

The award aims to honor banking leaders who have contributed significantly to the banking industry in the Middle East. Upon receiving the award, Al-Eisa extended his deep gratitude and appreciation to Euromoney and to the Sponsor, Qatar Financial Center. "Indeed, this accolade is for everyone involved in the Saudi banking sector, especially the wise leadership that has had the most substantial role in guiding the banking sector along the correct path and providing all possible capabilities to pave the way for the Kingdom's banking institutions to lead the way and achieve success." said Al Eisa. He also emphasized that "It is another feather in the cap for Samba Financial Group, and our proven track record places us in the premier position amongst all Saudi Arabian and Middle Eastern banks".

This award is a testimony to the significant role Al Eisa has played in leading Samba Financial Group, and the achievements that have led the group to assume a preeminent position in the Saudi banking sector since his appointment as Managing Director and CEO in 2003. His appointment coincided with Samba's de-merger from Citi Group, where he steered the bank's transition to full Saudi management, and further proceeded to implement the Bank's strategies and therefore enable the Group to achieve unprecedented growth rates. This was coupled with expansions in products and services as well as regional and global expansions which have propelled the bank into a leading position, as reflected by the large number of awards presented to Samba Financial Group by specialized agencies.

In 2007, Al Eisa was also named "Middle East's Banking CEO of the Year" by the Middle East Excellence Award Institute. Earlier this year, Al-Eisa was named "Best CEO in Banking and Financial Institutions Sector in Saudi Arabia for 2009" by CEO Middle East magazine, a member of the ITP Executive Publishing Group, at a ceremony which had been organized for the first time in the Kingdom of Saudi Arabia in order to honour business leaders who have played a significant role in the development of various sectors within the country.