TAIB Bank Management team, lead by Sohail Sultan, has been engaged in a comprehensive plan to restructure and refocus the Bank over the last several months. The appointment of the additional Board Members will add to the wealth of the business and financial experience to the Bank with its focus in the MENA region. TAIB Bank provides wealth and asset management, treasury, risk and brokerage services to its clients across the region through banking platforms in Bahrain, the UAE, Turkey, India and Kazakhstan.
The new Nonexecutive Directors are Abdulrahman Hareb Rashed Al Hareb, a senior executive of Dubai Holding representing the interest of Dubai Financial Group; Fareed Abdulrahman Moosa Ismail, a senior executive of TECOM Investments representing the interest of Dubai Financial Group and Fahad Ahmed Abdulla Al Shaaer Aal Ali, a senior executive of Dubai Bank representing the interest of Dubai Financial Group.
“Our Board of Directors represents the interests of our major shareholders from the UAE and the KSA and the minority shareholders are represented by our three Independent Directors. The Board of Directors provides significant guidance to our Management team as we complete the restructuring and repositioning of the Bank in order to deliver financial solutions as a pre-eminent inter-mediator of capital flows across the region,” Sohail Sultan, TAIB Bank’s CEO, said.
TAIB Bank, a Bahrain based bank with its headquarters in Manama, was established in 1979 and is regulated by the Central Bank of Bahrain. TAIB Bank listed on the Bahrain Bourse in 1994.