Jul 26 2011 |
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Al Baraka Banking Group - Information on New Director
Mr. Fahad Abdullah A. Al-Rajhi, aged about 50 years, Saudi Arabian national, was appointed as a Member of the Board of Directors of Al Baraka Banking Group in the Kingdom of Bahrain on March 2011. He holds a bachelor degree in Science in Industrial Management (1978) from King Fahad University of Petroleum and Minerals, Saudi Arabia. Mr. Al-Rajhi has been the President of FAR Holding Company since 2007. He had worked as a treasurer in Al-Rajhi Bank from February 1995 to May 2008. He is an Executive Director for FAR Venture Holding Company, Medical Innovation Company and Al-Rajhi Real Estate Company in Saudi Arabia.In accordance with the bank's Articles of Association, and the stipulated regulation of Central Bank of Bahrain ( CBB ), he was appointed as member of ABG 's Board of Director in the AGM held on 23rd March 2011. This appointment was ratified by the Central Bank of Bahrain ( CBB ) upon sufficient study of the information supplied by the Director.
Mr. Al-Rajhi has no convictions relating to serious criminal offences. Also, he has no history of bankruptcies, individual voluntary arrangements of the Director, any compulsory liquidations, creditors voluntary liquidations, company voluntary arrangements, receivership or any composition or arrangement with creditors generally or any class of creditors of any Issuer where he was a Director at Requirements.
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