Raya Al-Hassan in a new position … | Phalanges

SAL announcement “Mediterranean Bank” In a statement, “In light of the election of a new bank board of directors, Ms. Raya Hafar Al Hassan was elected to assume the chairmanship of the board of directors, and Mr. Michel Akkad he was appointed to assume the executive management of the bank. ”

SAL announcement of the Bank of the Mediterranean In a statement, “In light of the election of a new board of directors for the bank, Ms. Raya Hafar Al-Hassan was elected to assume the presidency of the board of directors, and Mr. Michel Akkad was appointed to assume executive management of the bank. “
He explained: “The appointment of Ms. Hassan and Mr. Akkad comes from October 9, 2020 and for the newly elected council period, which ends with the annual meeting of the general assembly, which will meet to consider the accounts of the bank for fiscal year 2022 “.
He noted that “these appointments reflect the commitment of the ‘Banco del Mediterráneo’ and its shareholders to ensure that the bank is prepared to face the current economic and financial challenges in a difficult operating environment, adopting a renewed strategic destination that contributes to strengthening the balance sheet of the Bank.
The statement added: “Ms. Al-Hassan’s solid experience in the financial and banking sectors, and her ability to work in difficult circumstances, in addition to her deep knowledge of the bank and the“ Bank of the Mediterranean ”group (because she held the position of independent director of the bank and of each of the two boards of directors of “Sea Bank” SAL of the Mediterranean Investment Company and SAL of the Saudi Lebanese Bank since 2011), and will play an active role in guiding the bank during these critical moments.
He continued: “Ms. El Hassan has a distinguished track record and experience in the field of public finance and economic reform through her appointment as Minister of Finance in Lebanon (November 2009 to June 2011) and assuming the presidency of the Administrative Authority of the Special Economic Zone in Tripoli.
(May 2015 – January 2019), in addition to holding advisory positions at the beginning of his career with the Presidents of the Council of Ministers and with the Minister of Economy and Trade. Ms. Hassan was appointed Minister of the Interior and Municipalities (January 2019 – January 2020).
He noted that Al-Hassan “has a BA in business administration from the American University of Beirut and an MBA with honors from George Washington University. In 2019, he received an honorary doctorate in human arts from the American Lebanese University and an honorary doctorate in business administration from Beirut Arab University. “
The statement stated that “Mr. Akkad has a successful experience in the financial services sector by holding key positions in leading regional and international banking institutions, such as” Al Ahli Bank of Kuwait “(Group CEO, May 2014 – April 2020), “Gulf Bank” (Group President CEO, 2009-2014) and “Arab Bank” (Deputy CEO, 2006-2009, responsible for all areas of “Arab Bank” worldwide) Before joining “Arab Bank”, he spent over 27 years at Citibank, which he joined in 1979, and his last position at Citibank was that of CEO and Managing Director of the Middle East and North Africa division (2001 -2006).
He mentioned that Akkad “has a Bachelor of Business Administration from the American University of Beirut (1976) and a Master of Business Administration with honors from the University of Texas at Austin (1978).”
Banco del Mediterráneo, together with the “Mediterranean Holding Group” SAL which owns more than 99 percent of its capital, with gratitude and gratitude to the former members of the board of directors, headed by Mr. Muhammad Ahmad Mukhtar Al Hariri, who held the presidency and general administration of the bank for more than 15 years. Hariri informed the board of directors at the end of 2019 of his desire to retire.
The statement concluded by stating that the Board of Directors of Bank of the Mediterranean SAL and its shareholders continue to adhere to the highest ethical and ethical standards and the rules of good bank management in the management of the bank’s operations, continuing to serve its customers and improving the services they provide, and working to develop management skills. The bank and its employees, in order to guide the institution towards a path of sustainable growth and a solid financial position and promote a culture of trust and transparency.