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

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

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.

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A Rare Gold Medal from the 1904 St. Louis Olympics Is up for Auction

This Nov. 2024 image provided by RR Auction shows a rare gold medal from the 1904 Olympics at the intake office of RR Auction, in Amherst, N.H. (RR Auction via AP)
This Nov. 2024 image provided by RR Auction shows a rare gold medal from the 1904 Olympics at the intake office of RR Auction, in Amherst, N.H. (RR Auction via AP)
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A Rare Gold Medal from the 1904 St. Louis Olympics Is up for Auction

This Nov. 2024 image provided by RR Auction shows a rare gold medal from the 1904 Olympics at the intake office of RR Auction, in Amherst, N.H. (RR Auction via AP)
This Nov. 2024 image provided by RR Auction shows a rare gold medal from the 1904 Olympics at the intake office of RR Auction, in Amherst, N.H. (RR Auction via AP)

A gold medal awarded to the winner of the 110-meter hurdles at the 1904 St. Louis Olympics, the first Games hosted on US soil, is being auctioned off as part of hundreds of lots of memorabilia representing various Olympics over the decades.

The medal bears the inscription "Olympiad, 1904" and shows a victorious athlete holding a wreath on the front. On the other side, Nike, the goddess of victory in ancient Greek mythology, is shown alongside Zeus, the pantheon's king of gods, and the words for the hurdles event it was awarded. The medal, awarded to American Fred Schule, includes the original ribbon and leather case.

This was the first Olympics where gold medals were awarded and the Americans took advantage, winning 78 of 96 events. Unlike Olympic medals these days which are mostly made of silver with gold plating, these were smaller and made entirely of gold.

Bobby Eaton, an Olympic specialist at Boston-based RR Auction, said it is unusual for a medal of this kind to come up for auction though this particular one came from Schule's family’s collection.

"No one really knows exactly how many 1904 Olympic gold medals are still out there," Eaton said. "What we do know is they’re exceedingly rare. Of the roughly 100 gold medals awarded in St. Louis, many have been lost to time or are tucked away in private collections and museums."

Beyond the gold medals, the 1904 Games also were remembered for plenty of controversy and oddities.

The Games were originally awarded to Chicago, but organizers of the World’s Fair in St. Louis feared competition for attendance and protested against a second international event held simultaneously. Fair organizers threatened to host their own athletic events. It took the founder of the modern Olympic movement, Pierre de Coubertin, to forge peace by moving the Olympics 300 miles (483 kilometers) south.

If that drama weren't enough, Fred Lorz looked to have won the marathon race until it was discovered he rode partway in a car.

Organizers ran "Anthropology Days," when members of indigenous tribes from across the globe on hand for the Louisiana Purchase Exposition, the formal name of the St. Louis World's Fair, were plucked from the fair and told to compete with no warning.

The Games also saw the debut of boxing and freestyle wrestling, sports that have clung to the Summer Olympics until the present day, along with long-since-forgotten croquet and tug-of-war events.

"These medals aren’t just about the competition — they’re a snapshot of the early days of the modern Olympics," Eaton said. "To have one like this, in such exceptional condition, is truly remarkable and a once-in-a-lifetime opportunity for collectors."

The sale is part of hundreds of Olympic items that were up for sale at the auction, including a bronze medal from the 2024 Paris Olympics, as well as gold medals from the 1932 Los Angeles Olympics, 1964 Tokyo Olympics, 1998 Nagano Olympics and 2012 London Olympics.

Olympic memorabilia has long fetched a good price.

In 2022, the silver medal captured by Luz Long, the German long jumper who befriended Jesse Owens at the 1936 Olympics in Berlin, sold at auction for more than $488,000. A first-place silver medal awarded at the first modern Olympic Games in Athens in 1896 sold for $180,111 when it was put up for auction in 2021 and a gold medal from the 2010 Winter Olympics in Vancouver sold for $68,750 in 2019.

Athletes also have auctioned off their medals for charity, including two-time canoe champion Yuri Cheban from Ukraine whose two golds and a bronze were auctioned for $109,451 in 2022 to help the war effort. Swimmer Ryan Lochte auctioned off his six Olympic silver and bronze medals the same year, with the $166,779 raised going to an organization benefitting children. He kept his gold medals.

The next summer Olympics will be in Los Angeles in 2028, marking the third time the city has hosted the Games. It also hosted the Games in 1932 and 1984.