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MENAFN - Khaleej Times - 29/04/2010

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(MENAFN - Khaleej Times) Al Salam Bank " Sudan on Wednesday announced that Mohammed Ali Al Abbar has resigned from his position as the banks Chairman due to his responsibilities overload.

Al Salam Banks Board of Directors expressed deep appreciation for the massive efforts exerted by Al Abbar to lead the band since its establishment, his limitless support for the Board and his full cooperation with its members. The Board assured that during Al Abbars tenure, Al Salam Bank " Sudan experienced an outstanding fiscal results and high profitability and maintained a 10 per cent dividend distribution since its launch.

Meanwhile, the bank announced the appointment of Mohammed bin Omeir bin Yousef as the Banks new Chairman, stressing that there will be no changes in the composition of its Board of Directors.

 






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