Tuesday, November 12

AFB appoints Salah as new chairman

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KUALA LUMPUR: Asian Finance Bank (AFB) has appointed Salah Mohd I Al Jaidah as its new chairman, effective, Sept 15.

AFB in a statement yesterday said Salah was one of the earliest directors to be appointed to the AFB board and had been instrumental in steering the growth and development of the finance house.

“Having served as a committee member/chairman of several AFB committees, Salah has been exposed to the Malaysian financial and capital markets as well as regulatory authorities,” it added.

He graduated from Texas Christian University with a BBA degree (Finance and Marketing) and the Oxford Business School in Advanced Management Programme.

Salah currently sits as the vice chairman of Middle East and North Africa (MENA) and chief country officer of Deutsche Bank AG.

Previously, he also held the position of Qatar Islamic Bank chief executive officer from 2005 to 2010.

A full-fledged Islamic bank, AFB was incorporated in 2005 and backed by a consortium of shareholders from leading Middle Eastern financial institutions, namely, Qatar Islamic Bank (66.67-per cent), RUSD Investment Bank Inc (16.67-per cent), Tadhamon International Islamic Bank (10 per cent) and Financial Assets Bahrain WLL (6.67-per cent). — Bernama