The National Finance House Group has announced the appointment of May Al Mahmood as the new chief executive.
Her appointment is with effect from March 28. Ms. Al Mahmood joined the group in 2006 and was the head of financial control and compliance, before being elevated to the position of CEO.
She has 27 years of experience in banking and finance and her qualifications include an MBA in finance from the University of Hull, UK.
The official is also a Certified Public Accountant (CPA) and a member of the American Institute of Certified Public Accountants.
Group chairman Talal Kanoo said: "we are fully confident that Ms. Al Mahmood, with the new role assigned to her and with the support of the management, will be able to achieve the vision and aspirations of the board of directors as we face the economic challenges that the world is going through.
He commended the Supreme Council for Women for its role in empowering women and enabling them to bolster their standing in the banking and financial sector.
Ms. Al Mahmood said: "I'm grateful to the board of directors for entrusting me with this role, and I look forward to making a vital contribution to the group's success and delivering value to shareholders.