By A Staff Reporter -
MUSCAT — alizz islamic bank, one of Oman’s first Islamic banks, recently hosted its Constitutive General Meeting, where the Bank’s first board of directors was elected.
The board constitutes experienced directors with extensive expertise in financial services. Trading of the Bank’s shares on the Muscat Securities Market is expected to commence on December 3, 2012. More than 87 per cent of shareholders voted in person or by proxy at the CGM to elect the first board, which includes His Highness Sayyid Taimur bin Asaad bin Tareq al Said, Ahmed al Khonji, Shabib Mohamed al Darmaki, Mohamed Badawy al Husseiny, Mohammed al Fahim, Mohamed Ghanem and Khalifa al Mehairi.
At the subsequent board meeting, the directors elected HH Sayyid Taimur as Chairman of the board and Mohammed Badawy al Husseiny as Deputy Chairman.
Speaking on the occasion HH Sayyid Taimur said, “This milestone marks a key step in our ambition for alizz islamic bank to become Oman’s leading Islamic bank. Our vision is to provide innovative financial services and solutions that adhere to the principles of Shari’ah and that are delivered within a framework of exceptional and responsive customer service”.
Thanking the shareholders, Capital Markets Authority and the Central bank of Oman for their support, HH Sayyid Taimur added, “The successful completion of the recent IPO and your presence today confirms your confidence in the vision of alizz islamic bank. We are proud to be part of the future of banking in the Sultanate.”
HH Sayyid Taimur also took the opportunity on behalf of the Bank to congratulate His Majesty Sultan Qaboos on the occasion of the 42nd National Day.
Supported by Oman’s progressive business environment, strong demand for Islamic banking products in Oman and the commitment of the promoters and shareholders, the new board is confident of the Bank’s successful and timely launch of a comprehensive offering of best of breed Islamic banking solutions.
alizz islamic bank is promoted by Huriah Company LLC, aabar Investments PJS, First Energy Oman and Tasameem Real Estate Company LLC.