ABANA to honor Managing Director of the Kuwait Investment Authority

The Arab Bankers Association of North America (ABANA) will present Mr. Bader Mohammed Al Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), with the 2011 ABANA Achievement Award in New York City on September 26, 2011. Laurence D. Fink, Chairman and Chief Executive Officer of BlackRock, will introduce Mr. Al Sa’ad at the evening event.
 
For over 25 years, ABANA has presented this award in recognition of significant contributions to the fields of banking, investment and financial services. The dinner is an important annual event for the international finance community, where hundreds of leaders gather to celebrate an exemplary leader and the valuable relationships between North America and the Middle East.
 
Mr. Al Sa’ad will be recognized for his outstanding leadership, vision and transformation of the Kuwait Investment Authority over the past seven years. Announcing the 2011 award recipient, ABANA President Omar Wohabe said, “ABANA is extremely proud to be honoring Mr. Bader Al Sa’ad, who has made tremendous contributions to the State of Kuwait and its citizens by his astute governance and stewardship of the country’s sovereign wealth fund. We are also delighted to have Mr. Larry Fink and an extraordinarily distinguished group of leaders in international banking and finance share in this celebration of Mr. Al Sa’ad’s accomplishments.”
 
Mr. Al Sa'ad was appointed Managing Director (the chief executive officer) of KIA in 2003, where he also serves on the board of directors and as Chairman of the executive committee of the Board. Prior to his appointments at KIA, Mr. Al Sa'ad was the Managing Director of The Kuwait Financial Center (Markaz), one of the leading investment companies in Kuwait, and held positions at the Bank of Kuwait and the Middle East (BKME).
 
A graduate of Kuwait University, Mr. Al Sa'ad has served on the boards of numerous domestic and international companies, financial institutions and banks and was a member of the Board of Directors of Kuwait Petroleum Corporation. He has also been the chairman and member of several professional organizations and committees.