QNB Indonesia’s EGMS Approves the Changes of the Board of Commissioners and Directors

QNB Indonesia's EGMS Approves the Changes of the Board of Commissioners and Directors

17 December 2020 – The Extraordinary General Meeting of Shareholders (EGMS) of PT Bank QNB Indonesia Tbk approved the resignation of Fareeda Ali Abulfath as the bank’s President Commissioner effective 2 January 2021 and the resignation of Leka Madiadipoera as the bank’s Director effective 15 January 2021.

“The bank has received the resignation letters of Fareeda Ali Abulfath and Leka Madiadipoera from their positions. We thank both of them for their contributions to the bank,” said President Director of QNB Indonesia Stewart Donald Hall.

Following Fareeda and Leka’s resignations, the EGMS appointed Fatma Abdulla Al-Suwaidi as the bank’s President Commissioner and Nick Groene as the bank’s Director. The term of office for the bank’s board of commissioners and directors will end on the next 2021 annual general meeting of shareholders (AGMS).

Fatma Abdulla Al-Suwaidi joined QNB Group in 2000. With over 20 years of experience in banking, she currently serves as the QNB Group Chief Risk Officer.

While Nick Groene has more than 22 years of experience across financial market, asset and liability management, finance and treasury. Nick has joined QNB Indonesia team as the General Manager Treasury on 12 February 2020.

“We would like to congratulate Fatma and Nick on their new positions and we are confident that they will contribute to the success of QNB Indonesia to become one of the leading international banks in Indonesia” Stewart added.


About QNB Indonesia

PT Bank QNB Indonesia Tbk was established in Medan in 1913 under the name NV Chunghwa Shangyeh Maatschappij which later in 1965 changed its name to PT Bank Kesawan. In 2011, the Bank strengthened its capital structure through the Right Issue that made QNB Group as the controlling shareholder and later changed its name to PT Bank QNB Kesawan Tbk and later on to PT Bank QNB Indonesia Tbk in 2014. As part of QNB Group, QNB Indonesia becomes one of the leading international bank in Indonesia, offering various innovative products and services for corporate and mass affluent retail segments. Since 2019, QNB Indonesia succeeded to obtain credit ratings of “AAA(idn)” with “Stable” outlook from Fitch Ratings Indonesia.

About Qatar National Bank Q.P.S.C. (QNB Group)

QNB Group is the biggest bank in Middle East and North Africa region as well as one of the leading banks in the world. Established in 1964, QNB Group operates in 31 countries spanning across three continents offering a range of comprehensive products and services. QNB Group maintained its position as one of the regional’s bank with the highest rating from leading rating agencies including Standard & Poor’s (A), Moody’s (Aa3), and Fitch Ratings (A+). QNB Group has also received many prestigious awards from leading international financial media in the world.