NBK honours Ibrahim Dabdoub’s 53 years of service

National Bank of Kuwait (NBK) has honored Ibrahim Dabdoub, NBK Ex-Group Chief Executive Officer, for his 53 years at NBK.

The honoring ceremony was attended by Anas Al Saleh, Kuwait Minister of Finance, Dr. Mohammad Yousef Al Hashel, the Governor of the Central Bank of Kuwait, Isam Jassim Al Sager, NBK Group Chief Executive Officer, Shaikha Khaled Al Bahar, Deputy Group CEO along with NBK Board members, Executive Management and VIP clients.

Nasser Al Sager, NBK’s Vice Chairman thanked Dabdoub for his remarkable service for NBK.

“Since his appointment as the CEO and even earlier in his different roles since joining the bank in 1961, Dabdoub played a major role in transforming the bank into a well-established regional financial institution. NBK will continue to strengthen its leading position both locally and regionally, building on its strong reputation and long track record of solid performance and remarkable achievements,” Al Sager said.

NBK Group CEO Isam Al-Sager highlighted Dabdoub’s role in leading NBK in two major crises that faced the bank during his career; the stock market crash in 1982 and the Iraqi occupation in 1990. NBK was the only Kuwaiti bank that survived the 1982 stock market crash while remaining intact. During the 1990 Iraqi occupation, NBK continued to fully operate out of its London branch, a precedent in the financial industry throughout history.

Dabdoub retired in March 2014, stepping down from his post as NBK Group CEO. He was appointed CEO in 1983.