Gulf International Bank Announces New Board of Directors

Gulf International Bank (GIB) today announced the appointment of a new Board of Directors effective August 26^th 2018 until August 25^th 2021. The new Board will be headed by Dr. Abdullah bin Hassan Alabdulgader, who continues in his role as Chairman, and comprises the following members:

• Mr.  Abdulla bin Mohammed Al Zamil, Chief Executive Officer of Al Zamil Group
• Mr.  Abdulaziz bin Abdulrahman Al-Helaissi, Chief Executive Officer, GIB
• Mr.  Sultan bin Abdul Malek Al-Sheikh, Vice President, Public Investment Fund (Kingdom of Saudi Arabia)
• Mr. Bander bin Abdulrahman bin Mogren, Chief Operating Officer, Public Investment Fund (Kingdom of Saudi Arabia)
• Dr. Najem bin Abdullah AlZaid, Founding Partner of ZS&R Law Firm in association with Hogan Lovells (Saudi)
• Mr. Rajeev Kakar, Founder and former Managing Director, Dunia Finance (United Arab Emirates)
• Mr. Frank Schwab, Co-founder of FinTechForum.de (Germany)

At its first meeting held on October 21^st, 2018, the Board appointed Mr. Abdulla bin Mohammed Al Zamil as Vice Chairman.  The members also elected the newly formed committees and their appointed Chairmen as follows: Executive Committee, Audit Committee, Nomination & Remuneration Committee, Board Risk Policy Committee, Corporate Governance Committee.

Commenting, Dr. Abdullah bin Hassan Alabdulgader, Chairman of the Board, said, “We are pleased to welcome the members of the new Board at this important juncture for the Bank and look forward to the contributions they will make towards the achievement of GIB’s strategy and the improvement of the Bank’s services. The experience of our new Directors in areas such as digital banking, innovation and legal and financial affairs will add significant value to the Bank and the fulfilment of the aspirations of our shareholders, clients and employees. On behalf of the Board and management, I would also like to extend my appreciation to the exiting Board, whose members played a positive role in enhancing the Bank's regional and international presence.”

Mr. Abdulaziz bin Abdulrahman Al-Helaissi CEO of GIB, added, “We’re delighted to announce the new Directors of the Bank and are confident that their experience will help to effectively steer the implementation of our strategy and look forward to leveraging their expertise and leadership to further accelerate GIB's growth. I would also like to take this opportunity to convey our thanks to the Central Bank of Bahrain, our valued shareholders and employees for their continuous commitment and support and their confidence in GIB.”