Commercial Bank of Qatar (Q.S.C.) appoints Abdulla Saleh Al Raisi as CEO

Doha, Qatar – The Board of Directors of Commercial Bank of Qatar (“Commercial Bank” or “the Bank”), a leading Qatar based international banking group, today announced the appointment of Abdulla Saleh Al Raisi to the role of Chief Executive Officer.

Mr. Al Raisi joined the bank in 1998 and worked in both the Retail and Corporate banking divisions before being appointed as Deputy CEO in March 2007.

His Excellency Abdullah Bin Khalifa Al Attiyah, Chairman of Commercial Bank, commented: “We are delighted to have appointed Abdulla Saleh Al Raisi as Chief Executive of Commercial Bank. Myself and my fellow board members look forward to working with him as he directs and drives the Bank to new heights.”

Mr. Andrew Stevens, will continue as the Group Chief Executive Officer with Mr. Al Raisi’s appointment allowing Mr. Stevens to focus on driving the Bank’s international strategy as well as the management of the investments the Group has made in National Bank of Oman, United Arab Bank, and most recently Alternatifbank in Turkey, which received regulatory approvals from the Banking Regulation and Supervision Agency and the Capital Markets Board of Turkey last month. Mr. Stevens will continue to report to the Commercial Bank Board of Directors and will lead the further development and implementation of the Alliance between the Group’s four Banks, which aims to drive cross border revenue growth and identify cost synergies to enhance profitability.

“The appointment of Abdulla Al Raisi as CEO in Qatar and the step change we are making with our international strategy under Andrew Stevens leadership marks a new and exciting stage in the Banks development”, added HE Al Attiyah.

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