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Board Composition and Appointment of Directors

Clauses 93 to 114 of the Bank's Articles of Association provide for the manner of appointment and retirement of Directors. Directors hold office from the close of the Annual General Meeting at which they are appointed until the end of the consecutive one, at which meeting they become eligible for re-election. The Articles of Association provide that the Chairman and Vice-Chairman are to be appointed by the Directors from amongst their number and shall hold office for a period of one year, unless otherwise decided by a simple majority of the Board. The procedure for election of Directors is governed by the Articles. Any member may nominate an individual in the manner prescribed by the Articles, provided that such nomination is seconded by a member or members who in the aggregate hold at least 20,000 shares between them.

The participation of Directors on Board Committees, as provided for by the Articles, is decided upon by the Board. All such committees include at least one Director.

The current composition of the Board of Directors, is as follows: 

BOARD OF DIRECTORS
Dr. John C. Grech (Chairman)

Dr John C. Grech is a Maltese National. He graduated from the University of Malta in 1971 and 1974. In 1978 he also obtained a Ph.D. in International Economics from the Graduate Institute for International Studies of the University of Geneva.

He served as Chairman of the Bank of Valletta Group, Middle Sea Valletta Life Assurance Limited, the Malta Tourism Authority, Mizzi Organisation and as President of the Mediterranean Bank Network. He is currently Chairman of the MelitaUnipol Insurance Agency Limited, Chairman of Central Cement Limited and Chairman of the Board of Class Optical Ltd. He also served as visiting professor at the University of Malta.

Masaud M. J. Hayat (Vice Chairman) 

Masaud M.J. Hayat is a Kuwaiti National. He obtained the Bachelor of Science (Economics) from the University of Kuwait and a Diploma in Banking from the Institute of Banking Studies in Kuwait.

Between 1998 and 2010 he was the Chairman of KAMCO Investment Company K.S.C.P. in Kuwait. Mr Hayat currently holds the position of Chief Executive Officer – Banking at KIPCO, which is one of the largest diversified holding companies in the Middle East and North Africa with holdings in commercial banking, investment banking, asset management, insurance, media, real estate and manufacturing.

Majed E. Al-Ajeel

Majed Essa Ahmed Al-Ajeel is a Kuwaiti National. He obtained a Bachelor of Science and a Master Degree from the Catholic University of America in Washington, DC.

Mr Al-Ajeel occupied the position of Director of Technical Office for Investment at the General Organization for Social Insurance before joining Burgan Bank as Vice Chairman in 2007, where he was promoted to Chairman in 2010 till the present day. Mr Al-Ajeel was also a Board member of Burgan Bank between 1998 and 2004.

Abdel Karim Kabariti 

Mr. Abdel Karim Kabariti holds the position of Chairman of the Board of Directors of Jordan Kuwait Bank which position he has held from 1997, is the Chairman of the Board of Directors of Algeria Gulf Bank, a position he has held from 2002, is a board member of the Jordan Dairy Company, a position he has held from 1998, and is also a board member of Burgan Bank Kuwait, a position he has held from 2004. Mr. Kabariti, holds a bachelor’s degree in Business Administration from St. Edwards University, U.S.A. and an Honorary Doctorate in Business from Coventry University in the United Kingdom.

 

Rogers LeBaron 

Rogers D. LeBaron is a UK and US national. He was a Director of Financial Institutions in the European Bank for Reconstruction and Development in London from 1996 until 2004. He also held the position of Principal Financial Advisor, Global Financial Markets Department within the International Finance Corporation. 

 


Mohamed Fekih Ahmed

Mohamed Fekih Ahmed is a Tunisian National.  He graduated from the University of Law, Political Economic Studies of Tunis and holds a Diploma of Higher Management Studies from the Higher Institute of Management of Tunis.  He is the Chief Executive Officer of Tunis International Bank. He has been Senior Officer at Citibank Tunis prior to joining Tunis International Bank. Mr. Mohamed Fekih Ahmed also serves as: Board and Executive Committee Member of Gulf Bank Algeria, Algiers, Chairman of United Gulf Financial Services – North Africa, Tunisia (Asset Management Company), Chairman of SACEM Industries, Tunisia (A leading electrical distribution transformer manufacturer in Tunisia), Chairman of the Board Audit Committee of Ooredoo, Tunisia (Mobile provider), Board Member of Hannibal Lease, Tunisia (A Leasing Company).

Rabih Soukarieh 

Rabih Soukarieh is a Lebanese National. He is the chief Executive Officer of Gulf Bank Algerie (AGB), Algeria since August 2015 having held previously various senior executive positions at United Gulf Bank (UGB) in Bahrain including the post of Chief Executive Officer between March 2012 and August 2015. During his ten-year tenure at UGB for the years 2003 until 2004 and 2008 until 2015, Mr. Soukarieh also acted as Chairman and Chief Executive Officer of Millennium Private Equity in Dubai and Chief Executive Officer of United Gulf Financial Services in Qatar. Between 2004 and 2007, he occupied the position of Group Chief Financial Officer of Wataniya Telecom Group of companies. He is currently a member of the board of directors of FIMBank Malta, Tunis International Bank and United Gulf Financial Services Company-North Africa, in Tunisia. Mr. Soukarieh has a Master of Business Administration from Northeastern University in Boston and a Bachelor of Sciences in Finance from Indiana University, Bloomington.

Osama Talat Al Ghoussein


Osama Talat Al Ghoussein joined KIPCO in 2013. With over 35 years of banking experience, he is a senior member of the team responsible for the strategy and supervision of KIPCO’s regional banking operations. Prior to joining KIPCO, Mr. Al Ghoussein was Regional Managing Director of Citigroup Global Markets and previously Regional Managing Director and CEO of The Standard Chartered Private Bank based in Dubai. He has also held senior managerial positions with Credit Suisse, Pictet, The National Bank of Kuwait and The Commercial Bank of Kuwait. Mr Al Ghoussein holds a Bachelor of Arts degree in Business Administration and Political Science from The George Washington University, Washington DC.

 

Hussain Lalani

Hussain Lalani is Chief Executive Officer of United Gulf Bank - Bahrain His career extends over 20 years. He has worked extensively with the Board of Directors on advisory transactions in his previous capacity as UGB’s Chief Financial Officer, and partnered with business divisions to support growth and business plans. Mr Lalani was previously employed by Ernst & Young (Bahrain) and PriceWaterhouse Coopers (Pakistan). He is a Board Member of Takaud Savings & Pensions B.S.C. (c), Bahrain; Global Banking Corporation, Bahrain; United Gulf Financial Services North Africa, Tunisia; and Assoufid B.V. A Chartered Accountant and a Certified Information Systems Auditor, Mr Lalani holds a Bachelor of Commerce degree from the University of Karachi, Pakistan.

Edmond Brincat

Edmond Brincat is a Maltese National. He obtained a Bachelor of Arts degree in accounts from the University of Malta in 1991 and is a Certified Public Accountant and a Fellow of the Malta Institute of Accountants. After working for a major audit firm, Mr Brincat joined the GO group in 1999, part of the team entrusted to set up and launch Go Mobile, Malta’s second mobile operator and in 2006 he was appointed as the group’s Chief Finance Officer, a position he held until 31 January 2018.  In February 2018 Mr Brincat joined SmartCity (Malta), a subsidiary of Dubai Holding LLC, as its Chief Operations Officer.