The National Bank’s (TNB) board of directors have appointed Mr. Samir Zraiq as the bank’s new Chairman, following the resignation of Mr. Talal Nasereddin from the position.
Mr. Zraiq is a prominent businessman with extensive experience in economic policymaking, asset and portfolio management, as well as financial and strategic planning.
His relationship with TNB extends for more than nine years, having been a board member since 2012. He has chaired the bank’s credit facilities board committee as well as being a member of its investment committee. His belief in TNB’s capabilities and leadership role in developing financial services in Palestine has led him to grow his investment in the bank and become one of its major shareholders.
Mr. Zraiq is also the chairman of Palestine Investment & Development Company and Sahem Trading & Investments Company. With his wide and diverse investment experience, Mr. Zraiq has overseen the investments of a number of finance and real estate companies across the Palestinian private sector.
Due to in-depth knowledge of sustainable development, Mr. Zraiq has chaired the Palestinian Businessmen Association and served as the Vice Chairman of the Federation of Arab Businessmen, where he contributed to promoting and attracting Arab and International investments to Palestine.
Furthermore, Mr. Zraiq’s track record includes the planning of economic policies at the national level; he is a member of the National Team of Economic Development in Palestine as well as a member of the board of directors of the Social Security Fund. In addition, he is a member of the Palestinian National Committee of the World Trade Organization and a member of the Young Presidents’ Organization (YPO).
Commenting on his appointment, Mr. Zraiq thanked the TNB board members and his partners at the bank for their confidence in him. He outlined his plan to lead the bank, along with his colleagues, towards achieving the ambitious goals and vision of the bank, placing it on the map alongside its regional and international banking peers. Mr. Zraiq praised the bank’s strong board of directors which consists of representatives from some of Palestine’s largest companies, leading Arab banks as well as well-known businesspeople and experts.