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NEWS
BBK bids farewell to Reyadh Sater after more than four decades of service
26 Mar 2020
BBK, Bahrain’s pioneer in Retail and Commercial banking, bids farewell to Mr. Reyadh Yousif Sater, BBK Group Chief Executive, after 42 years of dedicated service to the Bank, and announces the appointment of Dr. AbdulRahman Ali Saif, as BBK’s new Group Chief Executive effective April 1st 2020.
BBK Chairman, Mr. Murad Ali Murad expressed his appreciation to Mr. Sater and praised his efforts as a 42 loyal and dedicated team member, saying: “During his tenure since 2016 as Group Chief Executive, Mr. Sater solidified BBK’s strategic position and supported the Bank’s international expansion, diversification and digitisation strategies. As the fourth Bahraini Chief Executive of BBK, The Bank is proud to have such high calibre Bahraini experts in its executive management team and thanks to effective succession planning, I’m pleased to announce the appointment of Dr. AbdulRahman Saif, being the fifth Bahraini to entrust the leadership of the BBK Group to”
Mr. Sater has served BBK for 42 years, where he has undertaken various responsibilities in different leadership positions. He joined the Bank in 1978, holding roles including General Manager of BBK Shared Services Group and Deputy Chief Executive Business Group. He was appointed BBK Group CE in 2016 and under his leadership BBK has achieved a number of notable milestones including record performance, the successful issuance of the EMTN, many awards wins such as the HRH Princess Sabeeka Women empowerment award, Cash Management Award and CE of the Year Award. He led many products and services launches such as Cardless Cash Withdrawals, the BBK Queue App, Interactive Teller Machines, Special Needs Services, MaxWallet, BBK Lite, BBK Prive and most recently the inauguration of the Bank’s first digital branch in City Center Bahrain with the digital zone BBK Plus, to name a few. He was also chairman/member in many Boards of reputed organisations in Bahrain such as CrediMax, InJaz, the Crown Prince Scholarship…
On the occasion, Mr. Sater conveyed his appreciation to Mr. Murad Ali Murad and to the Board of Directors, the Bank’s Shareholders, the Central Bank of Bahrain, and to all of his BBK ‘family’ and wished the new Group Chief Executive and the Bank continued success.
On the other hand and upon the announcement of his appointment as Group Chief Executive, Mr. Saif expressed his gratitude to the Board of Directors and said “It is an honour to be appointed Group Chief Executive for a pioneering organisation such as BBK. With a strong team and the guidance of the Board of Directors and the continued support of the CBB, we will remain guided by our values as we pioneer products and services that deliver exceptional customer experiences and elevate the Bank and the financial services industry.”
Dr. AbdulRahman Ali Saif, currently the Deputy Group Chief Executive – Wholesale Banking Group joined the Bank in 2008.
Prior to joining BBK, he was the Executive Director of Banking operations at the Central Bank of Bahrain. He is the Chairman of Bahrain Kuwait Insurance Company and hold board membership on the boards of Bahrain Commercial Facilites Company, National Motors Company and Metropolis Capital Advisory Ltd (MCA); which is a company jointly owned by BBK and Osool in London, UK. Dr. Saif holds a Ph.D. in Economics from the University of Leicester, UK.
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