Kingdom of Bahrain: Al Salam Bank-Seychelles (ASBS), a joint venture between Al Salam Bank – Bahrain (70%) and Seychelles Pension Fund (30%), announces the appointment of Alhur Mohammed Al Suwaidi as Chairman of the Board of Directors. Mr. Al Suwaidi currently serves as a member of Al Salam Bank-Bahrain’s Board of Directors and brings over 15 years of experience in investment strategy to the role.

In addition to his role as Chairman of Mubasher (UAE) and various other directorships, Mr. Al Suwaidi currently serves with the Abu Dhabi Investment Authority, where he has held various positions since 2004. Mr. Al Suwaidi has also served on a number of advisory boards of General Partners. He holds a bachelor’s degree in Business Administration from Chapman University, California, USA.

Mr. Al Suwaidi said, “ASBS is a robust and key competitor in the local banking landscape in Seychelles. With its strong shareholder base and its distinguished product suite, ASBS aims to be a pioneer in the advancement of the banking sector in Seychelles. The Bank also aims to expand the region’s link with the GCC in order to position Seychelles as a competitive regional banking hub.”

Al Salam Bank-Bahrain’s Group Chief Executive Officer Mr. Rafik Nayed congratulated Mr. Al Suwaidi and wished him every success in the new position. Mr. Nayed added, “Al Salam Bank-Seychelles’ long-term strategic plans include regional expansion with the aim of creating a bridge between the GCC and the Indian Ocean Rim countries. We are confident that Mr. Al Suwaidi’s leadership and distinguished experience will prove instrumental in the Bank’s mission to achieve these objectives and in steering it towards even greater success in the coming years.”


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