Women named to head Saudi bourse, major bank

Yahoo – AFP, February 20, 2017

Women have been named to head Saudi Arabia's stock exchange and a major
bank (AFP Photo/FAYEZ NURELDINE)

Riyadh (AFP) - Women have been named to head Saudi Arabia's stock exchange and a major bank, the institutions announced, despite the kingdom's social restrictions on females.

Samba Financial Group on Sunday said Rania Mahmoud Nashar had begun work as chief executive officer.

The announcement came three days after the Saudi stock exchange, known as Tadawul, named Sarah al-Suhaimi as chairman of its board.

While other Saudi women have already assumed corporate leadership positions, their rise comes against some of the world's tightest restrictions on women.

The kingdom is the only country in the world where women cannot drive.

Under the "guardianship" system a male family member, normally the father, husband or brother, must grant permission for a woman's study, travel and other activities.

Although the government no longer requires guardian permission for women to work, activists have said many employers still demand guardian consent in order to hire a woman.

In a notice to the Saudi stock exchange, Samba said Nashar had almost 20 year's experience in banking and had followed an "executive career" programme at Samba.

Samba also said that Nashar was the first Saudi woman certified as an anti-money laundering specialist by a respected American association of experts who combat financial crime.

Her appointment as CEO followed the resignation of general manager Sajjad Razvi for personal reasons.

Tadawul's Sarah al-Suhaimi is the CEO of NCB Capital, the investment banking arm of National Commercial Bank.

She was the first female head of a Saudi investment bank when named to that post in 2014, according to Bloomberg News.

It said she is expected to remain at the bank while leading Tadawul, the Arab world's largest bourse.

As part of a wideranging social and economic reform drive to cope with fallen oil revenues, Saudi Arabia is trying to get more women working.

In the third quarter of last year the unemployment rate for Saudi females was 34.5 percent, compared with 5.7 percent for Saudi males, according to figures cited by the firm Jadwa Investment.

By 2020 the Islamic kingdom wants to boost the proportion of women in the job market to 28 percent from 23 percent last year.

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"Listening to the Voice of Spirit" (2) - Feb 20, 2016 (Kryon Channelling by Lee Carroll) - (DNA Efficiency is on average at 35 percent now) - (Text version)

“… With free choice, the percentage of DNA efficiently started to go down as humanity grew. As soon as the DNA started to lose percentage, the gender balance was dysfunctional. If you want to have a test of any society, anywhere on the planet, and you want to know the DNA percentage number [consciousness quota] as a society, there's an easy test: How do they perceive and treat their women? The higher the DNA functionality, the more the feminine divine is honored. This is the test! Different cultures create different DNA consciousness, even at the same time on the planet. So you can have a culture on Earth at 25 percent and one at 37 - and if you did, they would indeed clash. …”

“… You're at 35. There's an equality here, you're starting to see the dark and light, and it's changing everything. You take a look at history and you've come a long way, but it took a long time to get here. Dear ones, we've seen this process before and the snowball is rolling. There isn't anything in the way that's going to stop it. In the path of this snowball of higher consciousness are all kinds of things that will be run over and perish. Part of this is what you call "the establishment". Watch for some very big established things to fall over! The snowball will simply knock them down. …”