Vice-Chairman and Chief Executive Officer, Boubyan Bank
Adel Abdul Wahab Al-Majed
Mr. Adel Abdul Wahab Al-Majed has been at the helm of Boubyan Bank as vice chairman and chief executive officer since 2009, achieving remarkable success in the Islamic banking industry and enhanced the bank’s position in the local market. He has demonstrated success in strategic positioning by increasing sales and directing the reengineering of the bank’s organisational structure. He has also improved the margin of the bank and its subsidiaries by streamlining management practice and re-focusing the bank’s daily activities on transparency and performance. Mr Al Majed began his career at NBK in 1983 and progressed from executive manager to deputy chief executive officer in 2008, before taking the leadership position at Boubyan Bank. He graduated from the University of Alexandria with a bachelor’s degree in Accounting, and attended various management training programmes at prestigious universities including Harvard, Wharton, and Stanford. Other positions include chairman of BLME and committee member of the Finance and Investment Committee at the Chamber of Commerce and Industry in Kuwait.