TIDMIBB

RNS Number : 5357E

Islamic Bank of Britain Plc

07 April 2011

7 April 2011

ISLAMIC BANK OF BRITAIN PLC ("IBB" or "the Bank")

Appointment of Directors

Islamic Bank of Britain Plc is pleased to announce the appointment of Mr. Khalifa Jassim Al - Kuwari, Mr. Adel Mohammed Tayyeb Mustafawi and Mr. Jamal Abdullah Al -Jamal to the board of the Company. Mr. Khalifa Jassim Al - Kuwari will assume the role of Chairman of the Company.

Brief biographies of the new directors are set out below:

Mr. Khalifa Jassim M.A. Al - Kuwari (aged 34) is a Qatari national and is the Chief Operating Officer of the Qatar Investment Authority ("QIA") and Qatar Holding LLC ("QH") where he oversees the entire business support infrastructure (Risk, Legal, HR, IT, Finance and Administration) for QIA and QH. Mr Al-Kuwari is also the Head of Business Development department at QH. Mr Al-Kuwari joined QIA in early 2007 as a senior member of the QIA team.

Mr. Al-Kuwari holds a Masters' degree in Accountancy from Cleveland State University in United States of America and sits on the board of directors of several local and international companies.

Mr. Adel Mohammed Tayyeb Mustafawi (aged 43) is a Qatari national and is Group CEO of Masraf Al Rayan since inception, Board Member & Executive Director of Al Rayan Investment and Board Member of Kirnaf Investment & Installment in Saudi Arabia. He has twenty years of experience in Treasury capital markets and Banking. Prior to MAR, he spent ten years at Qatar National Bank where the last position held was Treasurer and five years at the Government of Qatar Investment Office. He is a graduate of the University of Arizona, USA, majoring in Finance.

Mr. Jamal Abdullah Al - Jamal (aged 43) is a Qatari national and is Deputy CEO at the Qatar International Islamic Bank ("QIIB"). He is also Managing Director at the Qatar Islamic Insurance Company ("QIIC"). Since 1997 Mr. Al - Jamal has held various positions at QIIB and prior to 1997 he was with the Internal Audit Department at Qatar Central Bank. He was educated at Qatar University and graduated as a Bachelor of Accounting.

While all three directors have been nominated by IBB's 80.95% shareholder QIIB, only Mr. Al - Jamal has a current association with QIIB and is therefore not considered independent.

Mr. Al - Kuwari holds, or has held, the following directorships within the five years prior to the date of this announcement:

 
 Current directorships                 Past directorships 
------------------------------------  ------------------- 
 Qatar Investment Authority 
------------------------------------  ------------------- 
 Qatar Holding UK Limited 
------------------------------------  ------------------- 
 Qatar Holding Singapore Pte. 
  Ltd. 
------------------------------------  ------------------- 
 Qatar Holding Netherlands B.V. 
------------------------------------  ------------------- 
 Qatar Holdings Luxembourg II 
  Sarl 
------------------------------------  ------------------- 
 Qatar Holdings (Cyprus) Limited 
------------------------------------  ------------------- 
 Qatar Holding Germany GmbH 
------------------------------------  ------------------- 
 Qatar Oman Investment Company 
------------------------------------  ------------------- 
 Qatar Exchange 
------------------------------------  ------------------- 
 Songbird Estates Plc 
------------------------------------  ------------------- 
 Al - Hosn Investment Company 
------------------------------------  ------------------- 
 Al Khor Investment S.A. 
------------------------------------  ------------------- 
 Urusharat Cemerlang Project 
  Corporation SDN BHD 
------------------------------------  ------------------- 
 Urusharat Cemerlang SDN BHD 
------------------------------------  ------------------- 
 Revenue Point SDN BHD 
------------------------------------  ------------------- 
 Makna Mujur SDN BHD 
------------------------------------  ------------------- 
 Harrods Limited 
------------------------------------  ------------------- 
 Harrods Holding Limited 
------------------------------------  ------------------- 
 Harrods (UK) Limited 
------------------------------------  ------------------- 
 Harrods Leisure Holdings Limited 
------------------------------------  ------------------- 
 Harrods Nominees Limited 
------------------------------------  ------------------- 
 Harrods Services Limited 
------------------------------------  ------------------- 
 Harrods Village Limited 
------------------------------------  ------------------- 
 Harrods Property Holdings Limited 
------------------------------------  ------------------- 
 Harrods Property Limited 
------------------------------------  ------------------- 
 Harrods International Limited 
------------------------------------  ------------------- 
 Harrods (Continental) Limited 
------------------------------------  ------------------- 
 Harrods (Management) Limited 
------------------------------------  ------------------- 
 Harrods Card Handling Company 
  Limited 
------------------------------------  ------------------- 
 Harrods Watches Limited 
------------------------------------  ------------------- 
 Harrods Aviation Limited 
------------------------------------  ------------------- 
 Air Harrods Limited 
------------------------------------  ------------------- 
 Harrods Aviation Holdings Limited 
------------------------------------  ------------------- 
 Harrods Aviation Luton Hanger 
  Limited 
------------------------------------  ------------------- 
 Harrods Estates Limited 
------------------------------------  ------------------- 
 Harrods Property Investments 
  Sarl. 
------------------------------------  ------------------- 
 KG Group Limited 
------------------------------------  ------------------- 
 DTSD Limited 
------------------------------------  ------------------- 
 DTSF Limited 
------------------------------------  ------------------- 
 DTSI Limited 
------------------------------------  ------------------- 
 DTSK Limited 
------------------------------------  ------------------- 
 QH Enterprises Holdings Limited 
------------------------------------  ------------------- 
 QH Enterprises Limited 
------------------------------------  ------------------- 
 QH Participations Limited 
------------------------------------  ------------------- 
 QH Partners Limited 
------------------------------------  ------------------- 
 Featurecode 2A 
------------------------------------  ------------------- 
 Featurecode 2A Holdings 
------------------------------------  ------------------- 
 Wylie and Company Limited 
------------------------------------  ------------------- 
 Metro Business (1995) Limited 
------------------------------------  ------------------- 
 Metro Business Aviation (Heathrow) 
  Limited 
------------------------------------  ------------------- 
 Genavco Holdings Limited 
------------------------------------  ------------------- 
 Metro Business (Stanstead) Limited 
------------------------------------  ------------------- 
 Harrods Leisure Limited (Isle 
  of Man) 
------------------------------------  ------------------- 
 FY Investment LLC 
------------------------------------  ------------------- 
 Qatar & Abu Dhabi Investment 
  Company 
------------------------------------  ------------------- 
 Qatar Algiers Investment Company 
------------------------------------  ------------------- 
 Beauchamp Company Limited 
------------------------------------  ------------------- 
 Sanba Investment Company 
------------------------------------  ------------------- 
 Sanba II Investment Company 
------------------------------------  ------------------- 
 Sanba III Investment Company 
------------------------------------  ------------------- 
 Wakra Investment Company 
------------------------------------  ------------------- 
 Al Rayyan Investment Company 
------------------------------------  ------------------- 
 Diwan Investment Company 
------------------------------------  ------------------- 
 Al Gharrafa Investment Company 
------------------------------------  ------------------- 
 Well of Knowledge Investment 
  Company 
------------------------------------  ------------------- 
 Al Dafna Investment Company 
------------------------------------  ------------------- 
 Shahaniya Investment Company 
------------------------------------  ------------------- 
 Dukhan Investment Company 
------------------------------------  ------------------- 
 Pavillion International Development 
  Fund Limited 
------------------------------------  ------------------- 
 Fieldstone International Limited 
------------------------------------  ------------------- 
 Bricklin Investment Limited 
------------------------------------  ------------------- 
 Wetherby Capital 
------------------------------------  ------------------- 
 Raycott Capital Holdings Ltd. 
------------------------------------  ------------------- 
 Mushierib Investment Company 
  Ltd. 
------------------------------------  ------------------- 
 Muntaza Investment Company Ltd. 
------------------------------------  ------------------- 
 QH PVT Limited 
------------------------------------  ------------------- 
 QH Property Holdings Limited 
------------------------------------  -------------------

Mr. Mustafawi holds, or has held the following directorships within the five years prior to the date of this announcement.

 
 Current directorships               Past directorships 
----------------------------------  ------------------- 
 Kirnaf Investment and Installment 
  Company (Saudi Arabia) 
----------------------------------  ------------------- 
 Al Rayan Investment 
----------------------------------  -------------------

Mr. Al - Jamal holds, or has held the following directorships within the five years prior to the date of this announcement:

 
 Current directorships              Past directorships 
---------------------------------  ----------------------------------- 
 Islamic Financial Securities       Ezdan Real Estate Company (Q.S.C.) 
  Co. Q.S.C. 
---------------------------------  ----------------------------------- 
 Qatar Islamic Insurance Company 
---------------------------------  ----------------------------------- 
 Medicare Group 
---------------------------------  ----------------------------------- 
 Syria International Islamic 
  Bank 
---------------------------------  ----------------------------------- 
 Syrian Islamic Insurance Company 
---------------------------------  -----------------------------------

The Bank confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2(g) of the AIM Rules.

Board of Directors:

As a result of these changes the Board of the Company now comprises:-

Mr. Khalifa Jassim Al - Kuwari - Chairman (Nominee of QIIB)

Mr. Gerry Deegan - Managing Director

Mr. Sultan Choudhury - Commercial Director

Mr. Robert Owen - Senior Independent Director

Mr. Adel Mohammed Tayyeb Mustafawi - Director (Nominee of QIIB)

Mr. Jamal Abdullah Al - Jamal - Director (Nominee of QIIB)

.

For further information please contact:

 
 Islamic Bank of Britain Plc: 
 Gerry Deegan, Managing Director          0121 452 7300 
 Grant Thornton Corporate Finance (Nominated Adviser): 
 Gerry Beaney/David Hignell               020 7383 5100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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