NCB Capital appoints new Chief Executive

Press release
Published November 20th, 2013 - 04:32 GMT

Al Bawaba
Al Bawaba

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has appointed Tariq Linjawi as acting CEO following the decision of Jawdat Al Halabi to leave the firm. Following a successful career over a number of years at both NCB and NCB Capital, Mr Al Halabi is leavIng to pursue other career opportunities. 

Tariq Linjawi, most recently Head of Wealth Management, brings over 10 years of experience in the NCB group, having previously held senior positions in many areas including strategy, consumer, investments, private banking and brokerage. 

Commenting on his appontment, Mansour Al Maiman, Chairman of NCB Capital, said, "We are grateful for the leadership that Jawdat has brought to the firm, helping it to become the largest asset manager in the Kingdom.  We wish him well in his future endeavours.  I am pleased that his successor comes from within the organisation and offer Tariq our congratulations.  He will bring a renewed focus and energy in driving our strategy for further growth." 

NCB Capital is the largest asset manager in Saudi Arabia, with SAR46 billion (US$12 billion) and offers its client the full range of investment services, including award-winning funds.  It was recently voted No 1 in economic research and in five sectors by Euromoney and also Wealth Manager of the Year by Global Investor magazine.

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

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