Al-Hazeem to chair Gulf African Bank boardA leading Bahraini banker, Jamal Al-Hazeem has been appointed as the new Chairman of Gulf African Bank (GAB) the first and largest sharia-compliant Bank in Kenya and will replace the founding Chairman, Suleiman Shahbal who steps down in order to commit time towards the pursuit of his candidature for the governor of Mombasa, the second largest city in Kenya.
Jamal Al-Hazeem, a veteran Banker with over 31 years’ experience, is currently the Chief Executive Officer of Bahraini retail and commercial banking institution BMI Bank. Jamal also serves as the Chairman of leading Kuwaiti company Al Taameer Real Estate Investment Company and is a Board Member at several prestigious organizations in Bahrain including the Bahrain Association of Bankers and Nass Corporation.
“I am honored to be appointed as Chairman of GAB, the leading Sharia-compliant Bank in Kenya. I am also grateful to the Board of Directors and shareholders for their trust and confidence reposed in me and reiterate once again the strong commitment that we have toward GAB. I take this opportunity to thank Suleiman for his leadership of Gulf African Bank over the last 5 years. Suleiman had the vision to set up the first Sharia-compliant institution in East Africa and the positive results of the Bank are a testimony to the success of that vision. On behalf of the Board of Directors, I wish him well in his political career and look forward to seeing him replicate the success he demonstrated in banking within his political life,” Jamal Al-Hazeem said.
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