New BisB Chairman Appointed

Posted by on Jun 21st, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

The Bahrain Islamic Bank (BisB) has appointed Abdul Razaq Al-Qassim as new board chairman. Mr. Al-Qassim will take over from incumbent Khalid Al-Bassem, who opted to quit after holding the position for eight years. The appointment was on the sidelines of a BisB board meeting which finalized the sale of shares of Kuwaiti Investment House Holding Co. (51% of BisB shares) to National Bank of Bank (25.8%) and the General Organisation for Social Insurance (25.8%). The bank has also decided to convene a regular general assembly on July 7 to elect a new board following the ownership overhaul.

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