SICO Announces Appointment of Abdulla Ahmed Kamal as New Chairman of its Board of Directors

11/04/2023

SICO BSC (c), a leading regional asset manager, broker, market maker, and investment bank (licensed as a wholesale bank by the CBB), announced today the appointment of Abdulla Ahmed Kamal as its new Chairman of the Board of Directors effective immediately, during the board meeting held on Monday, April 10, 2023. The move follows the resignation of Shaikh Abdullah bin Khalifa Al Khalifa, who leaves his post after being appointed to a new role as the CEO of Bahrain Mumtalakat Holding Company, as per the royal directives of His Royal Highness Prince Salman bin Hamad Al Khalifa.

SICO’s new Chairman, Abdulla Ahmed Kamal, has been a Director on SICO’s Board of Directors since 2020, representing Social Insurance Organization. He brings a wealth of knowledge and expertise to his new role including more than 20 years of experience in investment operations, audit, corporate governance and business risk consultancy, having held several senior leadership positions at well-established companies throughout his career. He currently serves as Chief Operating Officer of Osool Asset Management BSC (c) and as Vice Chairman of the Board of Director for Bahrain Car Parks Company (Amakin) BSC., and Amlak Real Estate Company.

“It is an honor to be appointed as SICO’s new Chairman of the Board and I truly look forward to working with the board and management team to build on the bank's strong foundation and drive growth in the years to come,” said Abdulla Ahmed Kamal.

The Board of Directors expressed their sincere gratitude to Shaikh Abdullah bin Khalifa Al Khalifa for his leadership and guidance during his 12 years tenure as the Chairman. His contributions and efforts have been invaluable to the business, and the board wished him the best of luck in his new role.

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