RIYADH: The Central Bank of Kuwait has named Sahar Al-Rumaih as its deputy governor in a first-ever such appointment of a woman to this position in the Gulf state.
Al-Rumaih, who was the deputy CEO for corporate banking at Ahli Bank of Kuwait, replaced Yousef Al-Obaid as his term had expired, according to Bloomberg.Â
With this new appointment, the central bank’s board now includes two women.Â
This comes following a similar development in º£½ÇÖ±²¥ in June when the Kingdom’s Central Bank named Sheila Al-Rowaily, who worked as a financier with Saudi Aramco, as its first woman board of directors.Â
In recent years, º£½ÇÖ±²¥â€™s Vision 2030 has focused on women’s empowerment and workforce, with efforts directed towards increasing female employment in diplomatic and governmental services.Â
Women joining the workforce in º£½ÇÖ±²¥ has been a key development of the Kingdom’s Vision 2030 social and economic reforms, which has seen their participation jump from 19 percent in 2016 to 33 percent last year.