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Khalil Al Meer named best chief executive

Bahrain Business
Sun, 10 Apr 2016

Manama: Khaleeji Commer-cial Bank (KHCB) chief executive Khalil Al Meer has been named one of the best four performing and top CEOs in the GCC at the Top CEO red carpet awards ceremony in Dubai.

Mr Al Meer was ranked fourth in GCC and the first in Bahrain among 100 CEOs according to the Trends magazine and Insead Business School after a thorough review on the performance of companies as well as financial institutions that are eligible for the awards. 

This comes following the successful financial results announced by KHCB in the past year. He has been instrumental in the highly successful growth of the bank. 

“I am truly honoured to have my name amongst this elite group, and this, of course, wouldn’t be possible without the support from the board of directors and the dedication of every KHCB employee who has worked tirelessly to constantly raise the bar of the industry and develop new bank services and innovative products,” Mr Al Meer said.

“Our success also reflects the great support provided by the government to the financial and banking sectors as part of their commitment to cement the leading position of the kingdom as a thriving financial hub in the region.

“The evaluation process and the recognition reflects the successful execution of the bank’s new strategy through which we achieved a net profit of BD8 million compared with BD3.8m in 2014 with increase of 118 per cent, an excess in the liquid assets ratio of 22.5pc and capital adequacy ratio of 18.8pc, all this despite the difficult market challenges,” he added. 

The Top CEO awards were based on the companies’ financials, reporting, corporate governance and transparency. 

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