Bahrain: GIB names new board, Alabdulgader still Chairman

Dr Abdullah bin Hassan Alabdulgader will continue leading the Gulf International Bank (GIB) as Chairman after the institution Sunday appointed a new board of directors.

The new leadership establishment will head affairs until August 25, 2021 ad decided at a meeting of the bank.

The board of director also chose Abdulla bin Mohammed Al Zamil as vice chairman.

The bank founded in 1957 and incorporated in Manama, posted as of September this year an asset value of $30 million from $25 million posted in December last year.

The total income on the other hand incurred after nine months this year has been put at $310 million.

“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,” said the bank CEO, Abdulaziz A. Al-Helaissi.

Dr Abdullah bin Hassan Alabdulgader will continue guiding the entities with the assistance of Abdullah bin Mohammed Al Zamil, chief executive officer of Al Zamil Group; Abdulaziz bin Abdulrahman Al-Helaissi, chief executive officer, GIB; Sultan bin Abdul Malek Al-Sheikh, vice president, Public Investment Fund (Saudi Arabia); Bander bin Abdulrahman bin Mogren, chief operating officer, Public Investment Fund (Saudi Arabia); Dr Najem bin Abdullah AlZaid, founding partner of ZS&R law firm in association with Hogan Lovells (Saudi); Rajeev Kakar, founder and former managing director, Dunia Finance (UAE); and Frank Schwab, co-founder of (Germany).

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