Fahad al rajaan biography
- Fahad Maziad Al Rajaan (23 December 1948 – 6 September 2022) was a Kuwaiti banker.
- Born on the 23rd December 1948, Fahad Al Rajaan is a successful Kuwaiti businessman.
- Born in Kuwait in 1948, Fahad Al Rajaan studied at the American University of Washington DC, graduating in 1974 with a Business Administration bachelor's.
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Fahad Al Rajaan: A Brief Biography
Fahad Al Rajaan is an accomplished Kuwaiti businessman with extensive experience of the finance and investment sectors.
Born in Kuwait on 23rd December 1948, Fahad Al Rajaan received the appointment of PIFSS (Public Institution for Social Security) Director General from the Kuwaiti Government in 1984. He also oversaw operations for Wafra Investment Advisory Group, serving as Chairman from 1985, as well as serving as Ahli United Bank’s Chairman from 2000 until 2015.
Mr Al Rajaan commenced his highly successful career working for the Kuwait Investment Company as a Manager after graduating university. The Kuwait Investment Company helped develop the Kuwaiti economy, setting industry standards for responsible and profitable investment in the nation since 1961.
In 1981, Mr Al Rajaan went to work for the Kuwait Real Estate Investment Consortium, serving as the organisation’s Managing Director and Chairman. The Consortium manages a comprehensive investment portfolio, overseeing ventures for corporate and private companies, as well as funding n
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Fahad Al Rajaan
Kuwaiti businessman (1948–2022)
Fahad Al Rajaan | |
|---|---|
| Born | 23 December 1948 |
| Died | September 6, 2022(2022-09-06) (aged 73) London |
| Nationality | Kuwaiti |
| Occupation | Banker |
Fahad Maziad Al Rajaan (23 December 1948 – 6 September 2022)[1] was a Kuwaiti banker. From 1992 to 2015, Fahad Al Rajaan served as Company Director of Ahli United Bank (UK) Plc.
Career
Al Rajaan was born in Kuwait. He acted as the director general of the Public Institution For Social Security Fund in Kuwait (PIFSS) since 1984. The PIFSS is behind one of the most comprehensive and publicly beneficial welfare systems in operation in the world today. Al Rajaan believed that the socio-economic success of Kuwait is based on oil reserves, the relatively small population, democracy, lack of debt and the constitution. The Kuwaiti pension scheme has been recognised as one of the highest in terms of benefits for people in the west.
Alongside his work at the PIFSS, Al Rajaan had held a number of senior roles within the finance industry. As chairman of the Ahl
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Born in Kuwait in 1948, Fahad Al Rajaan studied at the American University of Washington DC, graduating in 1974 with a Business Administration bachelor’s degree.
Early in his career, Mr Al Rajaan was employed by the Kuwait Investment Company as Issues Manager, a role he held for the next six years. He served as the Kuwait Real Estate Investment Consortium’s Managing Director and Chairman between 1981 and 1984.
The Kuwaiti Government later appointed him Director General of the PIFSS (Public Institution for Social Security for Kuwait). In this role, Mr Al Rajaan was responsible for managing assets valued at around $30 billion. The PIFSS is largely funded by oil revenues and supports the Kuwaiti people.
In addition to his role as Director General of PIFSS, Mr Al Rajaan has a long and established career in the finance industry. He served as Chairman of the Ahli United Bank (previously known as the United Bank of Kuwait until 2002). Since 1971, Ahli United Bank has been owned by the State of Kuwait. The Bank is Bahrain’s largest lender by market, providing treasur
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