2005 News Story

Saudi economist becomes first female CEO of a Gulf bank

Gulf One Investment Bank has named Dr Nahed Taher as its CEO, making her the first Saudi woman to head a bank in the Gulf region, the Arab News reported today. She previously served as a senior economist at the Saudi-based National Commercial Bank, the first woman to hold the job at a Saudi bank.

Prior to her position at the National Commercial Bank, Dr. Taher headed the Accounting Department at King Abdulaziz University in Jeddah, where she was also an assistant professor and lecturer in economics. She has a PhD and MSc in Economics from the University of Lancaster in the United Kingdom, as well as an MA and BS in Economics from King Abdulaziz University in Jeddah, Saudi Arabia.

The Bahrain-based Gulf One, which has $100 million in capital, will become operational in the second quarter of 2006. It will focus on mega-energy and infrastructure investments as well as provide services in restructuring in mergers and acquisitions, a potentially lucrative segment of regional corporate finance now that Saudi Arabia has entered the World Trade Organization, according to the Arab News.