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.
With this new appointment, the central bank’s board now includes two women.
This comes following a similar development in Saudi Arabia 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.
In recent years, Saudi Arabia’s Vision 2030 has focused on women’s empowerment and workforce, with efforts directed towards increasing female employment in diplomatic and governmental services.
Women joining the workforce in Saudi Arabia 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.