16 Aug 2019 12:47
16th August 2019
Finablr PLC (the 'Company')
Appointment of Non-Executive Director
The Company is pleased to announce that Mr Bassam Hage has accepted his nomination to join the Board as independent Non-Executive Director with effect from 19th August 2019. Mr Hage will also join as a member of the Audit Committee.
Michael Tomalin, Co-Chairman of the Company and Chairman of the Nomination Committee, commented, "I am delighted that Bassam has joined the Board of Directors. He brings multinational audit and financial experience to the Finablr Board. Bassam has 40 years' experience at Ernst & Young and is a newly appointed member of the Audit Committee of International Monetary Fund (IMF) Washington effective from November 2019. He will be valuable to the Group's further growth and development. This appointment demonstrates the Board's commitment to further enhancing its composition both in terms of the skills and experience available as well as ensuring a balanced and diverse structure."
There are no further disclosures to be made pursuant to Listing Rule 9.6.13.
END
Enquiries
The Company
Robert Moorhouse, Group Company Secretary +44 (0) 7825 213767
Faiz Akbar Habib, Head of Communications and Research +971 2 3073 114
Finablr Overview
Finablr (www.finablr.com) is a global platform which provides Cross-Border Payments and Consumer Solutions, Consumer Foreign Exchange Solutions and B2B and Payment Technology Solutions to consumers and businesses in the large and growing payments and foreign exchange market. In the year ended 31 December 2018, Finablr processed more than 150 million transactions and the U.S. dollar equivalent of U.S.$114.5 billion in volumes, touching over a billion lives. As at 31 December 2018, the Group had more than 23 million retail customers and was serving over 1,500 corporate and institutional partners, including banks, financial institutions, supermarkets, foreign exchange specialists, mobile wallet operators and payments and technology companies such as Google India and WeChat Pay.