Manama, Bahrain: Al Salam Bank-Bahrain (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) (“the Bank”) announces the appointment of H.E. Shaikh Khalid Bin Mustahail Al Mashani, as the Chairman of the Board of Directors, replacing Mr. Khaleefa Butti Bin Omair Bin Yousif Al Muhairi, who submitted his resignation as Chairman and Board Member of the Bank.
Commenting on the resignation of Mr. Al Muhairi, H.E. Sheikh Khalid said: “We regret to announce the resignation of our colleague, Mr. Al Muhairi, as Chairman and Board Member for personal reasons. We would like to take this opportunity to put on record our sincere thanks to Mr. Al Muhairi for his instrumental contribution to achieving the Bank’s objectives during his chairmanship since 2018. During his tenor, the Bank was successful in acquiring market share, increasing profitability, and growing the deposit base & financing book.”
H.E. Sheikh Khalid added that “We, as Board of Directors, would like to confirm that the Bank will continue its solid strides toward implementing the 3-year strategy which is designed to gear us for further financial success in the local, regional and global markets. Building on our key core values of sound corporate governance, transparency and prudent financial policies, we plan to continue our journey toward maximizing shareholder value. We are confident that with our robust capital and liquidity positions and our strong management team, the Bank will be able to navigate through current market challenges, including the outbreak of COVID-19 and its implications on the global economies.”
H.E. Shaikh Khalid, the new Chairman of Al Salam Bank-Bahrain, has more than 24 years banking experience. He serves a number of directorships, including: Chairman of the Board of Directors of Bank Muscat S.A.O.G., Director of Al Omaniya Financial Services Company, and Chairman of Dhofar International Development & Investment Holding Company S.A.O.G. H.E. Shaikh Khalid has a BSc. in Economics and a Master’s degree from the School of Oriental and African Studies (SOAS), University of London.
Al Salam Bank-Bahrain B.S.C (ASBB) is a leading regional Islamic bank headquartered in the Kingdom of Bahrain and is licensed and regulated by the Central Bank of Bahrain. It offers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through its extended network of branches and ATMs utilizing the state-of-art technology to meet various banking requirements. In addition to its retail banking services, the Bank also offers corporate banking, private banking, investment as well as treasury services.
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
