GIB in Bahrain Announces New Appointments of the Board of Directors

Gulf International Bank B.S.C. (GIB) today announced the appointment of its new Board of Directors for a new three-year term, effective 8th August 2025. 

The newly appointed Board comprises 11 members, chaired by Mr. Fahad bin Abduljalil AlSaif, Senior Managing Director, Global Capital Finance, and Head of Investment Strategy and Economic Studies at the Public Investment Fund (PIF). The members are:

•    H.E. Dr. Najem bin Abdullah Al Zaid, Deputy Minister of Justice, Kingdom of Saudi Arabia.

•    Mr. Abdulaziz bin Abdulrahman Al-Helaissi, Group Chief Executive Officer, Gulf International Bank.

•    Mr. Rajeev Kakar, banking expert and entrepreneur, and Board Member, Eurobank Ergasias, Greece.

•    Mr. Frank Schwab, Co-Founder, FinTech Forum (Germany), and Board Member, Addiko Bank, Vienna.

•    Mr. Sultan bin Abdulmalek Al-Sheikh, Head of Financial Institutions, MENA Investments Division, Public Investment Fund.

•    Mr. Nezar bin Mohamed Al Saie, Chairman, Kalaam Telecom and Polycon Bahrain.

•    H.E. Mr. Abdulaziz bin Abdulrahman Al-Arifi, CEO of the Shareek Program for Enhancing Partnership with the Private Sector, and Advisor at the General Secretariat of the Council of Ministers, Kingdom of Saudi Arabia.

•    Ms. Maram bint Ayed Al Johani, Acting Chief Administrative Officer and Secretary General of the Board of Directors, Public Investment Fund.

•    Dr. Khalid bin Dawood Al-Faddagh, Member of the Risk Committee, Public Investment Fund.

•    Mr. Ahmed bin Mohammed Alenazi, Co-Founder, CEO, and Board Member, Barraq Financial Company (Barq), Saudi Arabia.

At its meeting on 21st August 2025, the Board approved the appointment of H.E. Dr. Najem bin Abdullah Al Zaid as Vice-Chairman. The Board also endorsed the restructuring of its committees and confirmed the appointment of their respective chairpersons.

Commenting on the announcement, Mr. Fahad bin Abduljalil AlSaif, Chairman of the Board, expressed his appreciation to the outgoing Board members for their dedicated service and invaluable contributions over the years, noting that their efforts have been instrumental in guiding the Bank’s progress and strengthening its reputation across regional and international markets.

Mr. AlSaif welcomed the new Board members, expressing his confidence in the diverse expertise the new members will bring, helping to build on previous achievements and supporting the Bank’s continued growth during this pivotal stage of its development. Mr. AlSaif emphasised the importance of close collaboration between the Board and the executive management in delivering ambitious strategies that reinforce GIB’s position, meet the expectations of clients and shareholders, and advance the Bank’s long-term goals.

Mr. AlSaif added: “We believe true success is founded on strong partnerships with our clients. We remain committed to advancing ambitious strategies aligned with the region’s rapid growth. We have full confidence in the expertise of our executive team and their ability to deliver impactful results that will shape a promising future for the Bank and its clients.”