Saudi Arabia's first female figurehead in banking
National Commercial Bank appoints Sarah Al-Suhaimi as CEO
National Commercial Bank has appointed Sarah Al-Suhaimi as CEO of its investment banking division, marking a first for the conservative country that a woman has headed an investment bank. Suhaimi will take over the role from Tariq Linjawi, although her start date is yet to be confirmed.
Saudi Arabia is often put under the spotlight, facing criticism from human rights groups regarding its treatment of women. Under the country's current guardianship rules, women are banned from driving, must be accompanied by a male relative in public, and are required to seek permission to travel overseas and open a bank account.
However, women are increasingly beginning to experience better opportunities in the business world, as the government is spending on education such as government-funded scholarships to universities overseas.