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Directorate Change
15 March 2010
The Board of EIIB is pleased to announce the appointment of Mr. Subhi F.
Benkhadra, aged 46, as Chief Executive Officer of EIIB with immediate effect.
Mr. Benkhadra, is currently a Non-Executive Director of EIIB and joins from
Esterad Investment Company BSC, a Bahrain-based publicly quoted Investment
Company, where he held the position of Chief Executive Officer since May 2003.
Details relating to Mr. Benkhadra's appointment remain as announced on 3 July
2008, except that he is currently a director of Palma Capital Limited, a DIFC
company; and Accelerator Technology Holdings Limited, a Guernsey company. Mr.
Benkhadra holds a B.Sc (Engineering) from the University of Bath, UK and an MBA
from City University Business School, UK.
Mr. Benkhadra has no beneficial or non-beneficial shareholdings in EIIB.
There are no further disclosures required to be made in respect of Mr. Benkhadra
with regard to paragraph (g) of Schedule 2 of the AIM Rules.
Commenting on the appointment Mr. Adnan Ahmed Yousif, Chairman of EIIB said: "I
am delighted that Mr. Benkhadra has joined EIIB. He brings a wealth of
experience and knowledge of financial services in both Europe and the Gulf, and
will provide inspirational leadership for the Bank".
Mr. Benkhadra added: "I am delighted to be joining a Bank of the calibre of
EIIB. I know the Bank and its staff well from my time as a Non-Executive
Director. I am excited by the challenges and opportunities which will arise as
the Bank enters its next phase of development. We are seeing early signs of
improvement in global markets and, although we remain cautious about the rate of
recovery, I am confident that the Bank is well positioned to use its strong
capitalisation and liquidity to develop its position in the growing Islamic
Banking market."
Mr. Keith McLeod, the Interim Chief Executive Officer will step down from this
role and revert to his role as Finance Director. The Board would like to extend
its thanks to Mr. McLeod for taking on the role of Interim Chief Executive
Officer during this transition period.
Enquiries:
EIIB plc Tel: +44
(0)20 7847 9900
Subhi Benkhadra, Chief Executive Officer
Keith McLeod, Finance Director
Evolution Securities Tel: +44 (0)20 7071
4300
Bobbie Hilliam
Chris Sim
Fishburn Hedges Tel:
+44 (0)20 7839 4321
Michelle James
Andrew Marshall
This information is provided by RNS
The company news service from the London Stock Exchange
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