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10 Jun 2011 16:33
European Islamic Investment Bank plc
("EIIB" or the "Company")
Incentive Scheme
10 June 2011
The Board of Directors and Management of EIIB wish to confirm that a full review of the Company's Staff Incentive Scheme has been initiated and that no new bonuses will be awarded under the existing scheme pending completion of that review.
The Board will announce the material conclusions of this process within three months of the date of the Annual General Meeting of shareholders to be held on 14th June 2011.
The purpose of this review is to ensure that the incentive plan is effectively promoting the strategic goals of the Company, enhancing productivity and motivation amongst the Company's executives and employees whilst maintaining alignment with shareholders.
Enquiries: -
EIIB Shabir Ahmed Randeree, Chairman Subhi Benkhadra, Chief Executive Officer Keith McLeod, Finance Director and Deputy Chief Executive Officer Alwaleed Kamal, Managing Director Head of Bahrain Office
| +44 20 7847 9900
+973 1750 1234 |
Arbuthnot Securities Limited Nick Tulloch Rebecca Gordon
| +44 20 7012 2000 |
Fishburn Hedges Michelle James, Andrew Marshall
| +44 20 7839 4321 |
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