Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020

The Arab Women Authority announced its choice of Ms. Rania Nashar for the Distinguished Arab Woman Award in the field of economics and banking for the year 2020, culminating her successful career and distinguished achievements in the Arab banking and economic activity, and in recognition of her solid willpower and ability to contribute to the development of the Saudi economy.

Ms. Rania Nashar, CEO of Samba Financial Group, expressed her pride in receiving the Distinguished Arab Woman Award in the field of economics and banking for the year 2020 from the Arab Women Authority, an Arab non-governmental organization concerned with empowering the role of Arab women in the development of Arab societies and enhancing their activity. Ms. Nashar becomes the first Arab woman to win this award in this field since its launch by the Arab League in 2004.

“This award adds a new responsibility and drives me to exert more efforts in representing Arab women in a manner that suits their capabilities and befits their stature,” Nashar was quoted as saying, expressing her thanks and appreciation to the award jury for this trust, which is a tribute to Arab women in general.

The Distinguished Arab Woman Award is the most important Arab award to honor Arab women who are distinguished in various fields of work and creation. The award aims to introduce the achievements of Arab women in various fields of work, and document their scientific and practical achievements to highlight the artistic, cultural, scientific and economic innovations of the Arab women and display a bright image of them in regional and international forums by presenting pioneering and creative models of Arab women who had firm imprints in various business sectors.

Dr. Russell Al-Nuaimi, the official spokeswoman of the Arab Women Authority, said: “Ms. Nashar’s winning of this award, which is the most important Arab award presented to distinguished Arab women, organized in cooperation with the League of Arab States, marks her as the first Arab woman to receive this award in the field of economics and banking”.

Dr. Russell indicated that this award culminates in the established track record of Ms. Nashar amidst many challenges.

“With her professionalism, determination, and dedication, she was able to surpass those challenges, recording a clear imprint and a prominent presence in the Saudi banking industry through her unrivaled success in the position of Samba Financial Group’s CEO, in addition to assuming many financial and banking positions armed with competence, scientific qualification, practical experience and determination to succeed and excel in this extremely difficult and complex field where fewer women have assumed leadership posts in it” Dr. Russell added.

“The Jury and the Board of Trustees expressed great commendation and appreciation for the journey of a self-made Arab woman armed with education, knowledge, and training in order to take over the management and leadership of a leading banking and financial institution in her country, the Kingdom of Saudi Arabia, with complete excellence and integrity, thus reflecting the success of Saudi women and their evolving role in contributing to the labor market and participation in nation-building, embodying the Vision 2030 of the Saudi Crown Prince, His Royal Highness Prince Mohammed bin Salman, which gave a strong impetus and a great motivation for underscoring the importance of Saudi women’s effective engagement and influence in various fields of work and production,” says Dr. Russell.

The official spokeswoman of the Arab Women Authority concluded her statement by greeting Ms. Rania Nashar on her bridging between leadership work and the corporate social responsibility in supporting community development initiatives and backing activities that elevate the image of women and improve their living conditions.

Ms. Rania Nashar is the first Saudi woman to hold the position of CEO of a Saudi bank, with more than 22 years of experience in banking. In addition to her position as CEO of Samba Financial Group, she holds the position of Deputy Chairman of Samba Capital, the investment arm of the group. In addition to membership in the boards of directors of Samba Bank Limited in Pakistan, Samba Global Markets Ltd., and the Institute of International Finance, and to being a member of the Advisory Committee of the Board of Directors of the Capital Market Authority, the National Center for Performance Measurement, the Saudi Stock Market Board “Tadawul”, the Saudi Space Authority, and the Saudi Polo Federation.

Ms. Nashar also chairs the Women’s Empowerment in Business Action Council, which is one of the main initiatives emanating from the G20 Business Group that Saudi Arabia is presiding over this year. Ms. Nashar is considered one of the most prominent females with presence and influence in the Arab business communities, as she maintained her position in 2019, for the second year in a row, on the list of “Top 100 Powerful Women in the World” according to the annual poll of the American "Forbes" magazine.

Blue Origin launched its massive new rocket on its first test flight Thursday, sending up a prototype satellite to orbit thousands of miles above Earth.
Named after the first American to orbit Earth, the New Glenn rocket blasted off from Florida, soaring from the same pad used to launch NASA's Mariner and Pioneer spacecraft a half-century ago, The Associated Press reported.
Years in the making with heavy funding by Amazon founder Jeff Bezos, the 320-foot (98-meter) rocket carried an experimental platform designed to host satellites or release them into their proper orbits. Company employees erupted in cheers and frenzied applause once the craft successfully reached orbit.
For this test, the satellite was expected to remain inside the second stage while circling Earth. The mission was expected to last six hours, with the second stage then placed in a safe condition to stay in a high, out-of-the-way orbit in accordance with NASA's practices for minimizing space junk.
The first-stage booster missed its landing on a barge in the Atlantic minutes after liftoff so it could be recycled, but the company stressed that the No. 1 objective was for the test satellite to reach orbit. “What a fantastic day,” Blue Origin's launch commentator Ariane Cornell, said.
New Glenn was supposed to fly before dawn Monday, but ice buildup in critical plumbing caused a delay. The rocket is built to haul spacecraft and eventually astronauts to orbit and also the moon.
Founded 25 years ago by Bezos, Blue Origin has been launching paying passengers to the edge of space since 2021, including himself. The short hops from Texas use smaller rockets named after the first American in space, Alan Shepard. New Glenn, which honors John Glenn, is five times taller.
Blue Origin poured more than $1 billion into New Glenn's launch site, rebuilding historic Complex 36 at Cape Canaveral Space Force Station. The pad is 9 miles (14 kilometers) from the company's control centers and rocket factory, outside the gates of NASA's Kennedy Space Center.
Bezos — taking part in the launch from Mission Control — declined to disclose his personal investment in the program. He said he does not see Blue Origin in a competition with Elon Musk's SpaceX, long the rocket-launching dominator.
Blue Origin envisions six to eight New Glenn flights this year, if everything goes well, with the next one coming up this spring.
“There’s room for lots of winners” Bezos said from the rocket factory over the weekend, adding that this was the “very, very beginning of this new phase of the space age, where we’re all going to work together as an industry ... to lower the cost of access to space."

Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020