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Spring 2007 Vol. V, No. 3

Inside the Gate

Campain Update

Business Integrity Meets Democratic Ideals

Dina Abou Salem

The Suliman S. Olayan School of Business Announces the Abdulaziz Hamad Al-Sagar Chair in Finance

Like his father Hamad and brother Jassim Al-Sagar, Abdulaziz Hamad Al-Sagar spent his life promoting political freedom and protecting human rights. He was also a leading opposition politician and Arab nationalist in Kuwait in the first half of the twentieth century.

The family of Abdulaziz Hamad Al-Sagar believes strongly in supporting AUB. This commitment led to their recent decision to make a donation of $2 million to the Suliman S. Olayan School of Business (OSB) to create an endowed faculty chair in finance. The endowment will also be used to support teaching, research, and service activities related to finance.

“AUB is proud to have the Al-Sagar family name associated with the Olayan School of Business in perpetuity,” said President John Waterbury expressing his appreciation for the generous gift. “Abdulaziz Hamad Al-Sagar embodied the virtues of wedding business integrity to democratic ideals and nationalist aspirations. It is this kind of wedding that AUB has always sought to nurture in its students. A chair in finance in his name will help protect his legacy for future generations.” Hamad Al-Sagar, who was chairman of the Kuwait Chamber of Commence for many years, headed Kuwait’s first Consultative Assembly in 1921. He and his family are prominent businessmen who have been responsible for some of the region’s most successful enterprises.

The establishment of the endowed chair in finance will have a significant impact on the study of finance at AUB, said OSB Dean George Najjar. “OSB will be adding major strengths as a result of this chair, which is particularly important to the school since finance was recognized early as one of our areas of excellence. The generosity of the Al-Sagar family has taken us yet another significant step towards regional leadership and global credibility. Thanks to this new chair, we look forward to attracting international faculty talent in pursuit of our mission to offer world-class teaching, research, and service.”

The business school, which became an independent faculty in 2000, was named for the late Suliman S. Olayan in 2003. Its undergraduate and graduate programs have been significantly revised and expanded in recent years due in no small part to the generous financial support of the AUB community. The faculty welcomed its first Executive MBA graduating class in 2006.

The Abdulaziz Hamad Al-Sagar Chair in Finance is the fourth endowed faculty chair at OSB. The school is also proud to be home to the Husni Sawwaf Visiting Professorship in Business and Management, the Coca Cola Chair in Marketing, and the Sheikh Said Hamadeh Distinguished Visiting Professor Chair. “Abdul Aziz Hamad Al-Sagar will go down in the history of Kuwait and the Arab world as a man who was able to master business and politics at the same time.  He was chairman of the Chamber of Commerce and at the same time chairman of the Parliament.  His involvement in both areas will become part of the political and business history of Kuwait.  I hope that his chair in finance will nurture the future leaders of the Arab world,” said AUB Trustee Ibrahim Dabdoub.