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Manama - Bahrain based International Investment Bank announces the appointment of Mr. Subhi F. Benkhadra as the new Chief Executive Officer. Mr. Benkhadra, previously the Chief Executive Officer of Abu Dhabi based Baniyas Investment & Development Company, replaces Mr. Fareed Bader, the acting Chief Executive Officer who continues in the role of Executive Committee Member at the bank.
Mr. Benkhadra is an experienced financial leader with a wealth of experience in traditional and Islamic investment banking in the UK and the Middle East. Specialised in developing investment and product strategies focusing on Islamic countries, corporate governance and compliance and asset management activities in the Arab world, Mr. Benkhadra has a deep knowledge of the financial industry and has successful leadership experience across a wide range of investment banking products and services.
Chairman of International Investment Bank, H.E. Saeed Abdul Jalil Al Fahim commented on Mr. Benkhadra's appointment saying: "We are delighted to welcome Mr. Benkhadra to lead the further development of IIB. We are positive that his experience and clear vision for the future will strengthen the bank's position in the regional financial markets."
Mr. Fareed Bader, the acting CEO echoed His Excellency's comments adding: "Mr. Benkhadra is the ideal person to advance the growth plans of IIB and we are very pleased to have him onboard."
Mr. Benkhadra graduated from the University of Bath in 1987 with a BSc in Environmental Engineering and holds a MBA in Finance from City University Business School. He is also a former member of the Board of Directors of the Arab Bankers' Association in London.
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About International Investment Bank
International Investment Bank B.S.C. (c) (IIB) was incorporated in Bahrain in October 2003 as an Islamic investment bank, with an authorized capital of US$ 200 million and a paid up capital of US$ 43 million. In December 2007, IIB concluded a combined rights issue and private placement offering that has increased the issued share capital to US$ 110 million. Total shareholders' equity at 31 December 2014 stood at US$ 160.2 million. The Bank's shareholders are high net worth individuals, business houses and institutions from the GCC states. The Bank undertakes two core business activities - private equity and real estate - and aims to offer its clients an internationally diversified range of investments generated through its network of strategic partnerships, which it intensively manages on behalf of investors in order to maximise the yields at the time of exit. It has been involved in investments worth almost US$ 3.0 billion since its inception.
For more information on IIB, please visit: www.iib-bahrain.com
© Press Release 2015
