Sign In
21 Dec 2011 07:00
European Islamic Investment Bank plc
("EIIB" or the "Bank")
Board changes
EIIB is pleased to announce the appointment of H.E. Abdallah Yahya Al-Mouallimi as Non-Executive Director and Chairman of EIIB.
Mr. Al-Mouallimi is currently the Permanent Representative of Saudi Arabia to the United Nations. He has held various senior government and private sector positions including Ambassador to Belgium, Luxembourg and the European Union, Mayor of Jeddah, member of the Saudi Consultative Council and Director of Saudi General Organisation for Military Industries. His private-sector service includes chairing the Jeddah Chamber of Commerce, Vice-Chairman of Olayan Financing Company, Board Member of Saudi Telecom Company, Managing Director of Coca-Cola Bottling Company Saudi Arabia, Board Member of Saudi National Commercial Bank and Egypt Finance Company amongst others. He is also Co-Founder and Chairman of HBG Holdings.
Mr. Al-Mouallimi has a Masters in Management from Stanford University and a Bachelor of Science in Chemical Engineering from Oregon State University.
Mr. Shabir Randeree, the Bank's current Chairman, has decided to step down as Chairman and will, subject to FSA approval, be appointed Chairman of the Bank's Audit Committee.
Mr. Shabir Randeree commented: "We are extremely honoured that someone of Mr. Al-Mouallimi's stature has agreed to Chair the Board of EIIB. Mr. Al-Mouallimi has exceptional leadership skills proven at the highest levels in both government and the private sector as well as on the international stage. We look forward to EIIB achieving great success under his leadership and guidance."
Mr. Al-Mouallimi's appointment as Chairman of EIIB is subject to the approval of the Financial Services Authority.
Enquiries:
EIIB Zulfi Caar Hydari, Chief Executive Officer Keith McLeod, Finance Director and Deputy Chief Executive Officer
| +44 20 7847 9900 |
Arbuthnot Securities Limited Antonio Bossi Rebecca Gordon | +44 20 7012 2000 |
AIM Rules Schedule 2 Disclosure - for the purposes of paragraph (g) of Schedule 2 of the AIM rules, the following information is disclosed:
Full name: Abdallah Yahya Al-Mouallimi
Age: 59
Mr. Al-Mouallimi holds or has held the following directorships within the last 5 years:
Current Directorships | Past Directorships over last 5 years |
HBG Investment Holdings Limited HBG Management Partners Limited | Assir Establishment for Press & Publication Majid Bin Abdulaziz Society for Development and Social Services Sanad Insurance Company Coca-Cola Bottling Company Saudi Arabia Jeddah Provincial Council Alumni Society of the Modern Capital Institute National Commercial Bank Alujain Corporation Jeddah Chamber of Commerce & Industry Consulting Commission - Supreme Council for GCC
|
As at the date of his appointment, Mr. Al-Mouallimi is not directly interested in any ordinary shares in the EIIB share capital; however, he has a 15 per cent. interest in the capital of HBG Management Partners Ltd which in turn has a 15.55 per cent. interest in EIIB.
No further disclosures are required to be made under Schedule 2 (g) (iii) - (viii) of the AIM rules.
Follow the stocks
