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Manama, Bahrain - Bahrain - based First Energy Bank (FEB) held its Board Meeting on the 9th of May 2016, during which the board discussed the Bank's recent performance as well as the Bank's plans for 2016 and beyond.
Additionally, the board of directors unanimously appointed Mr. Khaleefa Butti Omair as the Bank's new chairman, following the recent departure of the Bank's former chairman, Mr. Khadem Al Qubaisi.
The appointment of Mr. Khaleefa falls in line with FEB's strategic vision, and is a testament to the Board's trust in both Mr. Khaleefa abilities and his vast experience in the banking and finance sector. Mr. Khaleefa's appointment adds a solid and fresh outlook to the Bank's future plans.
Mr. Khaleefa comes to FEB with extensive experience covering regional finance markets and breadth of experience in the field. He has served as a key figure on many management teams throughout the financial industry.
Mr. Khaleefa, a national of the United Arab Emirates, with over 13 years experience in investment management.
Mr. Khaleefa serves as Chairman and board member of several companies. He currently holds the role of Chairman for KBBO Group, Bin Butti International Holding, Infinite Investment, Travelex, BHS LLC and One Financial Markets. He is also the Executive Chairman of Cosmesurge Emirates Hospital and Executive Vice Chairman of Centurion Investment. Mr. Khaleefa also serves as a board member for Al Nimr Automotive. He was also previously Vice Chairman of NMC Health where he led the IPO in 2012 on the London Stock Exchange.
About First Energy Bank:
First Energy Bank B.S.C.(c) ("FEB" or the "Bank") is an Islamic investment bank licensed by the Central Bank of Bahrain and headquartered in Manama, Kingdom of Bahrain.
FEB's founders believe that the global energy sector and the Middle East and North Africa (MENA) region offer excellent opportunities for private equity and Islamic financial investment. First Energy Bank offers investors unique and specialized opportunities that capitalize on the MENA region's status as the center for world energy.
The Bank focuses on investments in the production, transportation, storage and refining of hydrocarbons, as well as oilfield services and energy sector technologies. FEB also explores new opportunities to invest in the development of power generation capacity and renewable energy technologies.
FEB operates in accordance with Islamic Sharia'a principles as a financial partner in project development, joint ventures, mergers and acquisitions and the purchase of assets and asset portfolios.
FEB was established in June 2008, with an authorized share capital of US$2 billion, and a paid up capital of US$1 billion consisting of 1 billion ordinary shares each with a par value of US$1. The bank's shareholders include a range of organizations and individuals with interests in the energy sector from the Kingdom of Bahrain, the United Arab Emirates, Libya, the Kingdom of Saudi Arabia, and other countries in the region.
© Press Release 2016
