International

Lubna Al Olayan Becomes the First Saudi Woman to Run a Bank

mm
Lubna Al Olayan Becomes the First Saudi Woman to Run a Bank

Lubna Al Olayan. Photo Credit: bdnews24

Lubna Al Olayan will be the first Saudi woman to operate a financial institution in Gulf region after being appointed chair to a new bank that is a merger of Alawaal Bank and Saudi British Bank (SABB).

The upcoming bank will be the third largest bank in the Kingdom. Olayan has been Alawwal Bank’s deputy chair for four years. In 2004, the 63-year-old made waves at the Jeddah Economic Forum as the first Saudi woman to give the keynote speech. She also topped Forbes Middle East’s Most Influential Women’s list.

The recent liberation of women’s roles that have been taking over a kingdom are part of Crown Prince Mohamed Bin Salan’s reform vision 2030. As a result, Saudi women have been making many firsts in the kingdom. Just last month, Weam Al Dakheel was the first Saudi women to anchor the evening news on‘Saudi TV Channel 1’, a national television channel.

Mohamed Bin Salman’s reform vision is reshaping women’s roles in the kingdom. Just this summer, the kingdom seated its women behind the wheels for the first time. After finally allowing women to drive cars, the world’s biggest flight training program, Oxford Aviation Academy, opened its doors to welcome numerous female pilots in its branch in Saudi Arabia. In October of 2017, women were finally allowed inside football stadiums for the first time without facing legal charges.

IRENA Report: Egypt Can Meet 53% of Power Demand from Renewable Sources by 2030
Minister of Education: We Need 130 Billion EGP to Solve the Education Crisis

Subscribe to our newsletter


International

More in International

Schengen Visa Fees Set to Hike to €80 in January 2020

Egyptian StreetsJune 7, 2019

African Union Suspends Sudan Membership Over Violent Military Crackdown

Egyptian StreetsJune 6, 2019

Tutankhamun Head to be Auctioned by Christie’s, Sparks Outrage

Egyptian StreetsJune 5, 2019

Arab Leaders Call For ‘Boycott’ of Countries That Recognize Jerusalem Israel’s Capital

Egyptian StreetsJune 1, 2019

‘Dare to Dream Of Freedom’ Billboard in Tel Aviv Protesting Israel’s Occupation

Egyptian StreetsMay 13, 2019

Mo Salah Secures Golden Boot for Second Consecutive Year

Egyptian StreetsMay 13, 2019

Nature In Crisis: One Million Species At Risk of Extinction, UN Warns

Egyptian StreetsMay 6, 2019

Trump’s Middle East Peace Plan to Be Revealed After Ramadan: Kushner

Egyptian StreetsMay 5, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.