Banks Islam Malaysia Bhd has appointed three directors and an alternate director, all representatives of the Dubai Group, to its board on March 1.
The appointments are pursuant to Dubai Group’s RM828.96 million purchase of a 40% stake in Bank Islam last June.
In a statement yesterday, Bank Islam said the new directors were Dubai Group’s managing director Salaam Said Al Shaksy, Dubai Holding LLC chief operating officer and chief financial officer Fadel Al Ali and Dubai Properties executive chairman Hashim Al Dabal.
Dubai Islamic Investment Group director Marwan Al-Khatib is Hashim’s alternate.
Bank Islam said the Dubai Group representatives would bring their expertise in the financial sector as well as acting as a gateway for Bank Islam’s foray into the Middle East.