Bahrain Visit
Waseela Launch
Sponsors Sudan Invest
Appointment of GM
Public Issue
Opening in Sudan
Board Meeting

Dubai - UAE, 26th July 2005:

Mr. Abdu Mahmoud Mohd. Khalil was named a new General Manager for Al Salam Bank-Sudan by the Board Members. Abdu Khalil has an extensive experience of about thirty five years in the banking industry in key executive positions. Abdu Khalil has a wide experience of the banking industry in managing credit lending portfolios in multi US dollars value in local, regional and international markets. He has demonstrated leadership roles and managed banks' liquidity positions in various economic environments and under diverse challenging conditions. Most recently, Abdu Khalil held the position in Qatar International Islamic Bank as Asst. General Manager, Abu Dhabi Islamic Bank as a Main Branch Manager and National Bank of Abu Dhabi as a Regional Marketing Manager.

The Vice Chairman and the Managing Director of Al Salam Bank Sudan , Mr. Hussein Mohammed Al Meeza said, "The bank will face challenges where we have a number of key evolving contracts and the opportunity to consolidate our position in the coming months. Bank's listing in the Khartoum stock market has directed to multiple responsibilities and has insisted on a need for forming effective polices to face the competitive market and for smooth implementation of strategies. For the same, the bank required an elite master of the field and the appointment of Abdu. Khalil is a result of it. His selection reflects our commitment towards our stakeholders and agreements. The board directors trust him and will provide full support in his operations."

Abdu Khalil on his appointment said "With the recent Peace agreement in Sudan , there is lot of work for the social and economical development. Al Salam Bank will participate in the task of strengthening the economic sector and I am proud to join in this cause and take this opportunity in serving my country by playing this role. I thank the support of the board and the trust of Al Salam Bank in me."

Al Salam Bank - Sudan paid-in capital is US$100 million. Share registration at the end of last year was a major success and preparations have been underway ever since. With statutory approval, experience and workforce in place, the bank will provide the full gamut of Islamic financial services.