jordan pulse -
The Board of Directors of the Jordan Kuwait Bank, in its meeting held on 4/3/2024, decided to elect Sheikha Adana Nasser Sabah Al-Ahmad Al-Sabah as the Chairperson of the Board of Directors, and Dr. Marwan Al-Muasher as the Vice-Chairman of the Board, effective immediately. Sheikha Adana expressed her gratitude to the board members for their trust and her pride in the Jordan Kuwait Bank, its achievements, especially in the year 2023, and her aspiration to continue the cooperation between the board and the executive management to achieve further progress, development, and accomplishments for the bank. She particularly commended the efforts of the bank’s CEO and his role in these achievements.
Sheikha Adana Nasser Al-Sabah has extensive experience gained through holding several leadership positions. She has been a member of the Board of Directors at Kuwait Projects Company Holding (KIPCO) since 2020 and was appointed as the CEO of the group in 2022. She is a founding partner and Chair of the Board of Trustees of the American University of Kuwait, Chair of the Board of Directors of United Education Company, and Chair of the Board of Directors of Panther Media (OSN), in addition to being a board member of Gulf Insurance Group and KAMCO Invest - Kuwait.
Sheikha Adana holds a Bachelor’s degree in English Literature from Kuwait University and an honorary Doctorate in Human Letters from Dartmouth College, USA. She has been listed in Forbes Middle East’s list of the Top 100 Most Powerful Businesswomen for the year 2024.
As for Dr. Marwan Al-Muasher, he holds a Ph.D. in Computer Engineering from Purdue University, USA. He has held several ministerial positions in Jordan, most notably as Deputy Prime Minister, Minister of Foreign Affairs, and Minister of Information, in addition to being a member of the Jordanian Senate. He served as the First Vice President for External Affairs at the World Bank between 2007-2010 and currently serves as the Vice President of the Carnegie Endowment for International Peace, as well as being a board member of several local companies, banks, international institutions, and institutes.
It is worth noting that Kuwait Projects Company Holding (KIPCO) is one of the largest and most diversified holding companies in the Middle East and North Africa region, owning assets under its management or control exceeding 33 billion US dollars, through principal ownership stakes in more than 60 companies operating in 24 countries. Its main activities are focused on the financial services, media, real estate, industrial, and education sectors.
Kuwait Projects Company Holding (KIPCO) is also the main shareholder in Al-Rawabi United Holding Company, which in turn owns 51% of the capital of the Jordan Kuwait Bank, in addition to being the main shareholder in Burgan Bank Group - Kuwait, which includes a group of banks in Turkey, Algeria, Tunisia, and Bahrain.