Bahrain, 26 August 2014 - TAKAUD, the specialist savings and pensions provider for the MENA region, has recently appointed Mr. Hadi Daou as General Counsel.

Hadi Daou is a qualified lawyer and legal professional with more than 15 years of senior experience in leading corporate strategic and tactical legal initiatives, with specific focus on banking and financial services in the GCC and MENA region. He started his career in private practice, before moving in 2004 to inhouse roles in financial services and Islamic banks in the Kingdom of Bahrain.

A Lebanese national, Hadi holds a BA degree in Law from the Lebanese University in Beirut since 1998.

TAKAUD's Acting CEO Mr. Eric Van Biesen said, 'We're delighted to make this announcement as it strengthens our growing management team which is focused on the ambitious roll out of TAKAUD's innovative private savings and pensions plans across regional markets,".

He added that Hadi's experience in the region's financial market will add a valuable skill set and provide our company with added expertise as we continue expanding our business.

About TAKAUD Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain.

TAKAUD specialises in providing long term savings and pensions solutions to individuals and corporations in the local and expatriate communities across the MENA region.

TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank a member of The KIPCO Group.

The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32 billion as at 31 March, 2014. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

TAKAUD Savings and Pensions B.S.C. (c),
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65167| Manama| Kingdom of Bahrain
Office: (+973) 17511611
Email: info@takaud.com
www.takaud.com

Media Contacts:              
Ghizlane Rahali
Takaud Savings and Pensions
Email: ghizlane.rahali@takaud.com
Mobile: +97317511611

Shane Dolan
FTI Consulting
Email: shane.dolan@fticonsulting.com
Direct: +971 4 437 2109

© Press Release 2014