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21/11/2017 18:04 AST
Al Rajhi Bank Malaysia (ARBM), a unit of the world's largest Islamic bank, Al Rajhi Bank of Saudi Arabia, yesterday announced the appointment of Muhammad Afaq Khan as its new chairman and Johari Abdul Muid as independent non-executive director effective Nov 2.
Afaq Khan, who had been the independent non-executive director of the bank since Sept 5, 2016, brings with him close to 30 years of experience as an Islamic banking professional.
"Afaq Khan, with a proven track record of building global business, has also won several 'Islamic Banker of the Year' awards and other accolades, recognising him as a pioneering and influential Islamic banker," ARBM said in a statement yesterday.
He has also led the first sovereign sukuk for the Malaysian government.
A key player in developing Islamic banking regulations across geographies and with industry bodies, Afaq Khan holds a Masters in Business Administration with Major in Finance from the University of Western Illinois, United States.
Meanwhile, Johari brings with him over 30 years of experience in financial services ranging from banking, investment and social security management.
He previously served as CEO and managing director of RHB Banking Group and deputy CEO of the Employees Provident Fund Pension Policy and Strategic Planning.
Johari also served in CIMB Group for over 20 years as the head of treasury division and head of CIMB Securities.
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The National
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Al Rajhi Capital announced the initial public offering (IPO) period of Al Rajhi REIT Fund will run from 1 to 14 January 2018, the fund manager (Al Rajhi Capital) said in a statement.
The f
CPI Financial
07/12/2017
Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (FCR) and raised the Short-Term FCR of Al Rajhi Banking and Investment Corporation (ARB), based in R
CPI Financial
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03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
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Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
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Trade Arabia
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China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
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