GIB Board of Directors Elects Al-Suhaimi as Chairman and Al Maiman as Vice Chairman

3 September 2009

Gulf International Bank (GIB) Board of Directors elected Mr. Jammaz bin Abdullah Al-Suhaimi as Chairman of the Board and Mr. Mansour Al Maiman as Vice Chairman during a meeting held on 1 September 2009 at the Bank’s head office in Bahrain.

The shareholders of GIB elected during an ordinary general assembly meeting held last month a new Board of Directors for the Bank to serve for the next three years.

Mr. Al-Suhaimi was the former Chairman and Executive Director of the Capital Market Authority in Saudi Arabia. He was also the Deputy Governor of the Saudi Arabian Monetary Agency until 2004. Mr. Al-Suhaimi served as Chairman of GIB since 2008.

Mr. Al-Maiman is the Deputy Minister of Finance and the Secretary General of the Public Investment Fund in Saudi Arabia since 1998.

Gulf International Bank is a leading merchant bank in the Middle East with its principal focus on the Gulf Cooperation Council (GCC) states. The Bank is based in Bahrain and is owned (directly or indirectly) by the six GCC governments, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, and the Saudi Arabian Monetary Agency. In addition to its main subsidiary Gulf International Bank (UK) Ltd., the Bank has branches in London, New York, Riyadh and Jeddah, in addition to representative offices in Beirut and Abu Dhabi.