Last checked at 15 Aug 2008 07:30
15 August 2008
THE PARKMEAD GROUP PLC
("Parkmead" or the "Group")
Appointment of Non-Executive Director
The Board of Parkmead, the investment group, announces the appointment of Faysal Essam Hamza as a Non-Executive Director who is joining the Board with immediate effect.
Faysal is an Executive Director of Swicorp Private Equity ("Swicorp") and manages the day to day operations of the Swicorp Joussour Company ("Joussour"), a private equity vehicle established as a Saudi Arabian Joint Stock Company capitalized at US$712 million, where he is responsible for the origination, execution and post acquisition integration of transactions in the Oil & Gas sector, Petrochemicals and energy-intensive industries.
Prior to joining Swicorp Faysal had 17 years experience in the energy and finance sectors in the United States, United Kingdom and Saudi Arabia which includes roles with, Arab Petroleum Investments Corp, Khalid Alturki and Sons, Arco International Oil and Gas Company, Saudi International Bank and Saudi Arabian Oil Company.
Niall Doran, Chief Executive of Parkmead said:
'We are delighted to have Faysal join the Board. He brings with him many years of sector, geographic and financial experience which will be of great benefit to the Group"'
Faysal Essam Hamza, aged 44, holds the following directorships:
Current Directorships
Swicorp Joussour LLC
SJC Egypt Refining LLC
SJC Pakistan LLC
Eastern Petrochemicals Company
Orient Investment Properties
Ghani Glass Ltd
Polysilicon Technology Company
Mutajadedah Energy Company
Creative Energy Resources Ltd
Mosvold Middle East Jackup Ltd
There is no further information to disclose in respect of Faysal Essam Hamza under paragraph (g) of schedule 2 of the AIM Rules.
Ends
For further information:
| The Parkmead Group plc | 020 7494 5770 |
| Niall Doran CEO | |
| Gordon Ashworth, CFO | |
| | |
| Madano Partnership | 020 7593 4000 |
| Mark Way/ Dominic Barretto | |
| | |
| Charles Stanley Securities (Nominated Adviser) | 020 7149 6000 |
| Rick Thompson / Carl Holmes | |