Spring 2007 Vol. V, No. 3
Inside the Gate
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 Kuwaits first Consultative Assembly in 1921. He and
his family are prominent businessmen who have been responsible for some
of the regions 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.