The shareholders of Gulf International Bank B.S.C. elected a new board of directors to serve for the next three years during an ordinary general assembly meeting held on Wednesday in Bahrain. The new board consists of the following: Jammaz Bin Abdullah Al-Suhaimi, former chairman and executive director of the Capital Market Authority in Saudi Arabia; Mansoor Al-Maiman, deputy minister and secretary general of the Public Investment Fund in Saudi Arabia; Dr. Hamad Al-Bazai, deputy minister for Economic Affairs, Ministry of Finance, Kingdom of Saudi Arabia; Dr. Abdullah Al-Abdul-Gader, professor of information technology at the King Fahad University of Petroleum and Minerals; Sulaiman Al-Hamdan, chief executive officer, National Air Services (NAS); Abdulla M. Al-Zamil, chief operating officer, Zamil Industrial Investment Company; and Khaled Al-Mudaifer, vice president for industrial affairs, Saudi Arabian Mining Company (Ma'aden). Al-Suhaimi said: “We highly appreciate the trust of the shareholders in the new board, and I am looking forward to working with my fellow directors, who collectively have extensive experience in both the private and public sectors. I am confident that they will prove invaluable in strengthening the Bank's franchise and ensuring continued success during these challenging times for international financial institutions.” GIB is a leading merchant bank in the Middle East with principal focus on the GCC. The bank is based in Bahrain and is owned (directly or indirectly) by the six GCC governments - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, and the Saudi Arabian Monetary Agency. In addition to its main subsidiary Gulf International Bank (UK) Ltd., the bank has branches in London, New York, Riyadh and Jeddah, in addition to representative offices in Beirut and Abu Dhabi.
