Appointment of Directors (5357E)
07 Aprile 2011 - 5:56PM
UK Regulatory
TIDMIBB
RNS Number : 5357E
Islamic Bank of Britain Plc
07 April 2011
7 April 2011
ISLAMIC BANK OF BRITAIN PLC ("IBB" or "the Bank")
Appointment of Directors
Islamic Bank of Britain Plc is pleased to announce the
appointment of Mr. Khalifa Jassim Al - Kuwari, Mr. Adel Mohammed
Tayyeb Mustafawi and Mr. Jamal Abdullah Al -Jamal to the board of
the Company. Mr. Khalifa Jassim Al - Kuwari will assume the role of
Chairman of the Company.
Brief biographies of the new directors are set out below:
Mr. Khalifa Jassim M.A. Al - Kuwari (aged 34) is a Qatari
national and is the Chief Operating Officer of the Qatar Investment
Authority ("QIA") and Qatar Holding LLC ("QH") where he oversees
the entire business support infrastructure (Risk, Legal, HR, IT,
Finance and Administration) for QIA and QH. Mr Al-Kuwari is also
the Head of Business Development department at QH. Mr Al-Kuwari
joined QIA in early 2007 as a senior member of the QIA team.
Mr. Al-Kuwari holds a Masters' degree in Accountancy from
Cleveland State University in United States of America and sits on
the board of directors of several local and international
companies.
Mr. Adel Mohammed Tayyeb Mustafawi (aged 43) is a Qatari
national and is Group CEO of Masraf Al Rayan since inception, Board
Member & Executive Director of Al Rayan Investment and Board
Member of Kirnaf Investment & Installment in Saudi Arabia. He
has twenty years of experience in Treasury capital markets and
Banking. Prior to MAR, he spent ten years at Qatar National Bank
where the last position held was Treasurer and five years at the
Government of Qatar Investment Office. He is a graduate of the
University of Arizona, USA, majoring in Finance.
Mr. Jamal Abdullah Al - Jamal (aged 43) is a Qatari national and
is Deputy CEO at the Qatar International Islamic Bank ("QIIB"). He
is also Managing Director at the Qatar Islamic Insurance Company
("QIIC"). Since 1997 Mr. Al - Jamal has held various positions at
QIIB and prior to 1997 he was with the Internal Audit Department at
Qatar Central Bank. He was educated at Qatar University and
graduated as a Bachelor of Accounting.
While all three directors have been nominated by IBB's 80.95%
shareholder QIIB, only Mr. Al - Jamal has a current association
with QIIB and is therefore not considered independent.
Mr. Al - Kuwari holds, or has held, the following directorships
within the five years prior to the date of this announcement:
Current directorships Past directorships
------------------------------------ -------------------
Qatar Investment Authority
------------------------------------ -------------------
Qatar Holding UK Limited
------------------------------------ -------------------
Qatar Holding Singapore Pte.
Ltd.
------------------------------------ -------------------
Qatar Holding Netherlands B.V.
------------------------------------ -------------------
Qatar Holdings Luxembourg II
Sarl
------------------------------------ -------------------
Qatar Holdings (Cyprus) Limited
------------------------------------ -------------------
Qatar Holding Germany GmbH
------------------------------------ -------------------
Qatar Oman Investment Company
------------------------------------ -------------------
Qatar Exchange
------------------------------------ -------------------
Songbird Estates Plc
------------------------------------ -------------------
Al - Hosn Investment Company
------------------------------------ -------------------
Al Khor Investment S.A.
------------------------------------ -------------------
Urusharat Cemerlang Project
Corporation SDN BHD
------------------------------------ -------------------
Urusharat Cemerlang SDN BHD
------------------------------------ -------------------
Revenue Point SDN BHD
------------------------------------ -------------------
Makna Mujur SDN BHD
------------------------------------ -------------------
Harrods Limited
------------------------------------ -------------------
Harrods Holding Limited
------------------------------------ -------------------
Harrods (UK) Limited
------------------------------------ -------------------
Harrods Leisure Holdings Limited
------------------------------------ -------------------
Harrods Nominees Limited
------------------------------------ -------------------
Harrods Services Limited
------------------------------------ -------------------
Harrods Village Limited
------------------------------------ -------------------
Harrods Property Holdings Limited
------------------------------------ -------------------
Harrods Property Limited
------------------------------------ -------------------
Harrods International Limited
------------------------------------ -------------------
Harrods (Continental) Limited
------------------------------------ -------------------
Harrods (Management) Limited
------------------------------------ -------------------
Harrods Card Handling Company
Limited
------------------------------------ -------------------
Harrods Watches Limited
------------------------------------ -------------------
Harrods Aviation Limited
------------------------------------ -------------------
Air Harrods Limited
------------------------------------ -------------------
Harrods Aviation Holdings Limited
------------------------------------ -------------------
Harrods Aviation Luton Hanger
Limited
------------------------------------ -------------------
Harrods Estates Limited
------------------------------------ -------------------
Harrods Property Investments
Sarl.
------------------------------------ -------------------
KG Group Limited
------------------------------------ -------------------
DTSD Limited
------------------------------------ -------------------
DTSF Limited
------------------------------------ -------------------
DTSI Limited
------------------------------------ -------------------
DTSK Limited
------------------------------------ -------------------
QH Enterprises Holdings Limited
------------------------------------ -------------------
QH Enterprises Limited
------------------------------------ -------------------
QH Participations Limited
------------------------------------ -------------------
QH Partners Limited
------------------------------------ -------------------
Featurecode 2A
------------------------------------ -------------------
Featurecode 2A Holdings
------------------------------------ -------------------
Wylie and Company Limited
------------------------------------ -------------------
Metro Business (1995) Limited
------------------------------------ -------------------
Metro Business Aviation (Heathrow)
Limited
------------------------------------ -------------------
Genavco Holdings Limited
------------------------------------ -------------------
Metro Business (Stanstead) Limited
------------------------------------ -------------------
Harrods Leisure Limited (Isle
of Man)
------------------------------------ -------------------
FY Investment LLC
------------------------------------ -------------------
Qatar & Abu Dhabi Investment
Company
------------------------------------ -------------------
Qatar Algiers Investment Company
------------------------------------ -------------------
Beauchamp Company Limited
------------------------------------ -------------------
Sanba Investment Company
------------------------------------ -------------------
Sanba II Investment Company
------------------------------------ -------------------
Sanba III Investment Company
------------------------------------ -------------------
Wakra Investment Company
------------------------------------ -------------------
Al Rayyan Investment Company
------------------------------------ -------------------
Diwan Investment Company
------------------------------------ -------------------
Al Gharrafa Investment Company
------------------------------------ -------------------
Well of Knowledge Investment
Company
------------------------------------ -------------------
Al Dafna Investment Company
------------------------------------ -------------------
Shahaniya Investment Company
------------------------------------ -------------------
Dukhan Investment Company
------------------------------------ -------------------
Pavillion International Development
Fund Limited
------------------------------------ -------------------
Fieldstone International Limited
------------------------------------ -------------------
Bricklin Investment Limited
------------------------------------ -------------------
Wetherby Capital
------------------------------------ -------------------
Raycott Capital Holdings Ltd.
------------------------------------ -------------------
Mushierib Investment Company
Ltd.
------------------------------------ -------------------
Muntaza Investment Company Ltd.
------------------------------------ -------------------
QH PVT Limited
------------------------------------ -------------------
QH Property Holdings Limited
------------------------------------ -------------------
Mr. Mustafawi holds, or has held the following directorships
within the five years prior to the date of this announcement.
Current directorships Past directorships
---------------------------------- -------------------
Kirnaf Investment and Installment
Company (Saudi Arabia)
---------------------------------- -------------------
Al Rayan Investment
---------------------------------- -------------------
Mr. Al - Jamal holds, or has held the following directorships
within the five years prior to the date of this announcement:
Current directorships Past directorships
--------------------------------- -----------------------------------
Islamic Financial Securities Ezdan Real Estate Company (Q.S.C.)
Co. Q.S.C.
--------------------------------- -----------------------------------
Qatar Islamic Insurance Company
--------------------------------- -----------------------------------
Medicare Group
--------------------------------- -----------------------------------
Syria International Islamic
Bank
--------------------------------- -----------------------------------
Syrian Islamic Insurance Company
--------------------------------- -----------------------------------
The Bank confirms that there are no other matters requiring
disclosure in relation to Rule 17 and Schedule 2(g) of the AIM
Rules.
Board of Directors:
As a result of these changes the Board of the Company now
comprises:-
Mr. Khalifa Jassim Al - Kuwari - Chairman (Nominee of QIIB)
Mr. Gerry Deegan - Managing Director
Mr. Sultan Choudhury - Commercial Director
Mr. Robert Owen - Senior Independent Director
Mr. Adel Mohammed Tayyeb Mustafawi - Director (Nominee of
QIIB)
Mr. Jamal Abdullah Al - Jamal - Director (Nominee of QIIB)
.
For further information please contact:
Islamic Bank of Britain Plc:
Gerry Deegan, Managing Director 0121 452 7300
Grant Thornton Corporate Finance (Nominated Adviser):
Gerry Beaney/David Hignell 020 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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