We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 7 Dec 2014 03:38 PM

Font Size

- Aa +

Bahrain bank says CEO has resigned for 'personal reasons'

Jamal Al-Hazeem leaves BMI Bank as it finalises operational aspects of mergers with Al Salam Bank

Bahrain bank says CEO has resigned for 'personal reasons'

BMI Bank, a subsidiary of Bahrain's Al Salam Bank (ASBB), on Sunday announced that Jamal Al-Hazeem, director and CEO of the bank had stepped down.

Al-Hazeem, a veteran Bahraini banker who took on the helm of BMI Bank in 2010 as CEO, cited personal reasons for his resignation and called the decision to step down as CEO of the Bank as "mutual and amicable".

He will continue to stay on as a director on the board at BMI Bank which is currently finalising the operational aspects of its merger with Al Salam Bank as it converts its business to a Sharia compliant one.

Confirming the announcement, the Bank said in a statement: "It is with regret that the board of directors of BMI Bank would like to confirm that Jamal Al-Hazeem has decided to step down from his position as CEO.

"Jamal, has over the past few years done a commendable job in consolidating the bank's market leading position within Bahrain through his successful and dynamic leadership and we wish him the very best in his future endeavors."

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.