News 2009

March 2009


BackEisa M. Al-Eisa Named "Best CEO for Banking Sector in Saudi Arabia 2009"

Accolade Presented by ITP Group's CEO Middle East Magazine

Mr. Eisa M. Al-Eisa, Managing Director and Chief Executive Officer of Samba Financial, has been 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. Al Eisa received the award on Sunday 22nd March during a ceremony at the Intercontinental Hotel in Riyadh. The event was attended by over 250 prominent figures, including decision-makers, CEOs and financial experts from a number of private and public institutions. The award had been organized for the first time in the Kingdom of Saudi Arabia in order to honor business leaders who have played a significant role in the development of various sectors within the country.

Upon receiving the award, Al-Eisa extended his deep gratitude and appreciation to CEO Middle East magazine, labeling it an extremely professional institution. "This accolade is a testimony to Samba's clear, consistent vision and well-aligned strategy, which enable the bank to proceed unwaveringly and confidently with its high levels of performance" said Al Eisa. He went on to add: "It is another feather in the cap for Samba Financial Group, as our proven track record places us in a premier position amongst all Saudi Arabian and Middle Eastern banks".

Al Eisa started his career with Samba in 1980. His appointment as Managing Director and CEO in 2003 coincided with Samba's de-merger from Citi Group, where he steered the bank's transition to full Saudi management in just 37 days.

Eisa Al-Eisa has continued to lead Samba to its current pre-eminent position in the Saudi banking sector, thanks to consistent record-breaking performances. This success has been supported by ambitious local, regional and global expansion plans which have propelled the bank into a leading position, as reflected by the 27 awards presented to Samba Financial Group by specialized agencies in 2008.

On a personal level, Al-Eisa is recognized as a leading banker in the Middle East, as a result of his managerial and leadership capabilities, his strategic vision and long-standing experience in the industry. Al Eisa is a respected and active member of various significant economic, social, educational and philanthropic bodies and committees; he is a member of the Advisory Committee for the Supreme Economic Council and the Council for Fair Competition. He is also a Board Member of the Saudi Electricity Company, the Investment Board of the Public Pension Agency, the Economic Committee of the Supreme Commission for Tourism, the International Chamber of Commerce, the Board of Trustees of the Centennial Fund, the Trustees of Prince Mohammad bin Fahd University, Board member of Researches and Educational Programs at King Fahd Petroleum and Minerals University, the Supreme Committee of King Saud University Endowment, the General Organization for Technical and Vocational Training, the Saudi Arabian Equestrian Federation, the Saudi Arabian Investment Fund (SAIF), member of the Board of Trustees of the American University of Beirut and many others.

This is the second time Al Eisa has been granted such a prestigious award, as he was also named "Middle East's Banking CEO of the Year 2007" by the Middle East Excellence Award Institute. Previous honorees of the Institute include former US Vice-President Al Gore, and UN Goodwill Ambassador Kim Phuc, amongst others.