QIB Group CEO Ranked Regions First at 6th Annual Top CEO Awards

Doha, April 09 (QNA) - Group CEO of Qatar Islamic Bank (QIB), Bassel Gamal, was recognized 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 organized 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 honored 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 capitalization 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. 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. (QNA)