DOHA: Bassel Gamal, Group CEO of Qatar Islamic Bank (QIB), was recognised as the first of 100 best-performing CEOs of listed companies in the GCC states at the Mediaquest 2016 Top CEO Awards.
The awards ceremony was held under the patronage of the Dubai Economic Council, and organised by the business magazine TRENDS and INSEAD Business School. The event honors CEOs whose leadership has driven the performance of their companies and contributed to economic growth in the GCC.
As the definitive platform for the recognition of exceptional business leadership in the GCC, the event honoured top industry leaders from companies listed on GCC stock exchanges across different categories. The listed companies are sourced from the seven GCC stock exchanges, data for each company is collected and parameters include revenues, market capitalisation and its evolution in the past 24 months.
Besides financial data, corporate governance is also an integral part of the evaluation process with the involvement of Hawkamah in the ranking process.
Trends has partnered with INSEAD Business School to perfect the formula to evaluate the performance of CEOs and their companies. The formula and the rankings are then audited by Deloitte before the awards are announced.
Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani (pictured), Chairman of QIB, congratulated Bassel Gamal, on behalf of QIB board of directors and all the employees, for being recognised as the best CEO across GCC public listed companies.
Sheikh Jassim said: “QIB is proud of this achievement as this award reflects the outstanding performance of the Qatari banking sector in general and Qatar Islamic Bank in specific as we continue to grow and support the national efforts to diversify Qatar’s economy.”
Gamal said: “I’m honoured to be recognised alongside such notable members of the region’s business community. Each one of them has helped to elevate the standards of business practice in the GCC and to cement the region’s reputation as a major center of business and commerce.”
Launched in 2011, Top CEO is the only regional award based on the financial statements of publicly-listed companies, making it the most credible and transparent ranking of its kind in the Gulf Region.The Peninsula
