Friday May 9, 2:25 PM
European Islamic Investment BankPLC - AGM Statement
European Islamic Investment BankPLC
09 May 2008
European Islamic Investment Bank plc
9 May 2008
Annual General Meeting
European Islamic Investment Bank plc ("EIIB" or the "Company") announces
that,
at the Annual General Meeting of the Company held in London this morning, all
the resolutions proposed at the meeting were duly passed.
Resolutions 3, 4 and 15 were not put to the meeting and the Company announces
that Mr. Abou Said resigned from the Company before the meeting and did not seek
re-election.
Each of the following persons were elected as Non-executive Director subject to
relevant approvals to perform a controlled function:
Mr. Zaher Mohammad Al-Ajjawi, who is Director, Financial Investments at Premier
Group, Bahrain. Previously he was Vice President, Real Estate Investments at
Morgan Stanly Dubai; Executive Director, Real Estate Unit at Gulf Finance House;
and Supervising Senior Auditor at KPMG. Mr. Al-Ajjawi holds a Bachelor of
Accounts from Bahrain University.
Mr. Subhi Benkhadra, who is Chief Executive Officer of Esterad Investment
Company, Bahrain. He was previously Chief Executive Officer and Managing
Director of Investment Trust Ltd.; Deputy Managing Director of Primecorp
Investment Management Ltd.; and Head of Arab Capital Markets at United Bank of
Kuwait PLC. Mr. Benkhadra holds a B.Sc Engineering from the University of Bath,
UK and an MBA from City University Business School, London.
Mr. Mohammed Al Sarhan, is Chief Operating Officer of Al Faisaliah Group,
Kingdom of Saudi Arabia. He is a well-known figure amongst the business
community in Saudi Arabia and, along with the President of the Group, is
accredited for institutional transformation of the Group over the past ten
years. He has vast experience in operation, leadership and strategy and is a
member of the boards of a number of Saudi listed and non-listed companies.
The Company is delighted to welcome as Directors representatives of the
Company's major shareholders and looks forward to their involvement in its
future growth and success.
A further announcement will be released in due course providing full details on
the new Non-executive Directors as required by the AIM Rules.
Ends
For further information:
Evolution Securities Limited Tel: +44 (0)20 7071 4300
Bobbie Hilliam
Fishburn Hedges Tel: +44 (0)20 7839 4321
Michelle James
Notes to editors:
About EIIB:
EIIB was incorporated in January 2005 and received its authorisation by the FSA
on 8 March 2006. On 3 April, it opened for business, and on 17 May completed its
IPO and was admitted to London's AIM market.
Headquartered in London, EIIB's range of products and services include the
following Sharia'a compliant investment banking activities:
- Private Equity and Corporate Advisory
- Islamic Treasury and Capital Markets
- Asset Management
- Real Estate
- Structured Trade Finance
- Sharia'a Advisory
EIIB aims to deliver a range of alternative investment opportunities, enabling
investors to construct balanced and sophisticated portfolios which can access a
range of Sharia'a compliant asset classes internationally.
EIIB seeks to service a market for Sharia'a compliant investment banking
services in Europe, the Middle East and Asia that it believes has been
under-exploited by conventional and Islamic banks, and by non-banking
institutions.
The founding shareholders of EIIB include Gulf based individuals and
institutions, including a number of Islamic banks, as well as individuals and
companies based in Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
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