Al-Salam Bank-Bahrain has announced the appointment of Sheikh Khalid bin Mustahail Al-Mashani as the chairman of the board of directors, replacing Khaleefa Butti bin Omair bin Yousif Al-Muhairi, who submitted his resignation as chairman and board member of the bank.
Sheikh Khalid said: “We regret to announce the resignation of our colleague, Al-Muhairi, as chairman and board member for personal reasons. We would like to take this opportunity to put on record our sincere thanks to Al-Muhairi for his instrumental contribution to achieving the bank’s objectives during his chairmanship since 2018. During his tenor, the bank was successful in acquiring market share, increasing profitability, and growing the deposit base and financing book.”
He added: “We, as board of directors, would like to confirm that the bank will continue its solid strides toward implementing the three-year strategy which is designed to gear us for further financial success in the local, regional and global markets. Building on our key core values of sound corporate governance, transparency and prudent financial policies, we plan to continue our journey toward maximizing shareholder value. We are confident that with our robust capital and liquidity positions and our strong management team, the bank will be able to navigate through current market challenges, including the outbreak of COVID-19 and its implications on the global economies.”
Sheikh Khalid has more than 24 years of banking experience.
Bahrain’s Al-Salam Bank appoints new chairman
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Bahrain’s Al-Salam Bank appoints new chairman
Automotive Distribution and Marketing Company launches Haval V7 in Jeddah
Automotive Distribution and Marketing Company, the official distributor of Great Wall Motor in Saudi Arabia, officially launched the Haval V7 during an event held at The Ritz-Carlton Jeddah. The ceremony was attended by representatives from both companies, in addition to a select group of media professionals, journalists, influencers, and partners from the authorized dealer network.
The Haval V7 marks a distinctive addition to the SUV segment, combining a bold, contemporary design with advanced smart technologies. The model has been designed to meet a variety of usage needs, whether for daily urban commuting or long-distance travel and weekend adventures. This balanced blend of performance and technology reflects the brand’s vision of delivering vehicles that unite reliability and innovation, with comfort and a confident driving experience.
The launch event featured a dedicated reveal of the Haval V7, during which its specifications and key features were presented. Guests were also given the opportunity to experience the vehicle firsthand through a test drive experience, allowing media representatives and partners to closely evaluate its performance and practical capabilities.
This launch comes as part of ADMC’s and Great Wall Motors’ ongoing commitment to introducing the latest automotive innovations and strengthening the brand’s presence in the Saudi market. It reflects the company’s focus on enhancing the customer experience and offering vehicles that align with the evolving expectations and needs of local customers.
