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Jamal Al Kishi returns to Deutsche Bank: Jamal Al Kishi was re-appointed Deutsche Bank’s CEO for the Middle East and Africa, returning to the bank nearly four years after he left to join Bahrain-based Gulf International Bank, the lender said in a statement yesterday. He will replace current CEO Kees Hoving, who will focus on his roles within the corporate bank in Middle East and Africa and as chief country officer for UAE. Al Kishi boasts nearly 30 years of banking experience in the region, and was CEO for Middle East and Africa during 2016-2020. He was previously the bank’s chief country officer for the Kingdom, among other senior management positions.
The reappointment of Al Kishi, who will be based in Riyadh, comes as global investment banks look to expand their presence in the Kingdom in light of new rules requiring foreign firms to move their regional HQs to Riyadh.
SEC names new chairman: The Saudi Electricity Company (SEC) appointed Najem Al Zaid (bio) as chairman, it said in a disclosure to Tadawul yesterday. Al Zaid, who previously served as director and general counsel at the Capital Market Authority, currently sits on the board of the Gulf International Bank. SEC also named Raed Alrayes (LinkedIn) as Deputy Chairman.
