Arcapita strengthens board with three new appointments

Following a meeting of shareholders held in Bahrain last week, Arcapita has appointed three new board members, who bring strong regional and international financial market knowledge and investment expertise.

The three new members are Sheikh Jassim Bin Hamad Bin Jassim Bin Jabr Al Thani, a prominent financier and a member of the ruling family of the State of Qatar; Mr. Khalifa Mohamed Al Kindi, Managing Director of the Abu Dhabi Investment Council; and Dr. Haji Mohammed Amin Liew Abdulla, Managing Director of the Brunei Investment Agency.

Sheikh Jassim brings exceptional knowledge and expertise of the GCC and international investment markets. He is currently Chairman of Qatar Islamic Bank, Qatar's second biggest Islamic bank which is pursuing an international expansion strategy.

Mr Al Kindi is Managing Director of the influential Abu Dhabi Investment Council, and brings over 25 years of investment banking experience to the Arcapita Board, more than 20 of which he spent at the Abu Dhabi Investment Authority. In addition, he is currently serving as Chairman of the National Bank of Abu Dhabi, Abu Dhabi National Insurance Co, and Abu Dhabi Investment Company.

The third addition to the Arcapita board is that of Dr Amin, Managing Director of the Brunei Investment Agency, which is the main vehicle for the management of the Kingdom of Brunei's General Reserve Fund. Dr Amin has significant experience of investing in alternative investments across the world and holds a PhD in Corporate Finance from Imperial College, London.

Atif A. Abdulmalik, Arcapita's Chief Executive Officer, said, "We are very pleased to have such distinguished and experienced individuals join the Arcapita Board of Directors, which is a testament to the strength of the institution we have built. Sheikh Jassim, Mr Al Kindi and Dr Amin bring many years of regional and international financial expertise and knowledge to Arcapita's Board, which is a significant source of competitive advantage for our institution. Our new Board members will play an important role in assisting management further develop and execute our global investment strategy, as we expand our activities into new geographies and sectors."