Tejoori Limited announces new General Manager

Mrs Toklu joined the company as Acting General Manager in March, 2007 after three years at International Holdings Group (IHG), where she was Director of Business Development.

While at IHG she played a leading role in conceiving and launching Tejoori.

Mrs Toklu brings a multidisciplinary, international approach to board-level decision making, having had broad exposure to management consultancy, business development and board direction in North America, Asia Pacific and the Middle East at companies such as Citibank, Dubai Holding and Prudential Securities.

From US multinational corporations to small banking operations, Mrs Toklu has acquired in-depth exposure to a wide range of industry sectors, including Islamic banking, corporate finance, investment banking, financial services, FMCG and government.

In banking, she has provided corporate advisory, fund raising and post-merger integration guidance. Having been a director of a flourishing Islamic banking unit for the Gulf, Levant and Pakistan, she is well versed in global corporate governance trends.

In addition to this expertise, she has been the Business Unit Manager for Citibank Islamic banking and International Private Banking Middle East and North Africa. She was also Business Development Manager for the prestigious Dubailand project at Dubai Holding, and a Senior Analyst for Global Securities and Account Manager at Prudential Securities.

The news of the promotion comes as Mrs Toklu and her husband Cenk celebrate the birth of their first child, Sena, just five days previously.

'It's an honour to receive this promotion,' said Mrs Toklu. 'I look forward to nurturing Tejoori as we look to further balance our investment portfolio and sharpen its focus,' she said.

She takes over from Steffen Schubert, who resigned as Managing Director to pursue personal interests.

Commenting on the promotion, Sheikh Fawaz Bashraheel, Chairman of Tejoori, said: 'On behalf of the board I would like to congratulate Ilke, and I know she will guide the company to further success.'

Tejoori announced a pre-tax profit of USD7.61 million for the second half of 2006.
In January, 2007, Tejoori acquired 16.7% of BEKON, a German renewable energy company, for EUR 6 Million. BEKON specialises in designing, building and operating waste fermentation biogas plants.

Tejoori has also committed EUR 2 million for an 85% stake in a joint venture which is in the process of developing a new inflation technology for automobile airbags. The project is scheduled to produce a physical prototype by mid-2007.
The company also has a 25% stake in Omniyat Properties Eleven, which gives Tejoori a share of land deals and projects in Dubai's Business Bay and The Lagoons.