Kuala Lumpur, 17 June 2008 ¿ Mr. Abdulhakeem Alkhayyat has been appointed as the Chief Executive Officer and also Managing Director of KFH-Bahrain. He has also been selected as a Board Member of the Bank.

Mr. Alkhayyat has been with KFH-Bahrain for almost five years and has extensive experience in Islamic banking and related industries. This has enabled him to adopt a pivotal role in the strategic development and success of the Bank.

Commenting on his appointment, Mr. Alkhayyat praised Allah Almighty for His blessings and expressed his sincere thanks and appreciation to the Chairman and Board Members of KFH-Bahrain, for the trust and support they have extended throughout his appointment at KFH-Bahrain. Mr. Alkhayyat said he looked forward to pursuing the vision and mission of the Bank for the benefit of its shareholders, customers, employees and the various committees operating within the bank.

"KFH-Kuwait, which was recently voted as the Best Islamic Bank globally in the Islamic Finance News Awards 2007, has been a driving force behind the development of Islamic banking concepts that meet the needs of diverse clientele worldwide. As part of the group, I am delighted at the opportunity to lead KFH-Bahrain and look forward to a period of consistent growth within the industry, by providing innovative Shariah-compliant products, services and investment solutions to our clients across the region" he stated.

"At KFH-Bahrain we believe that banking is not just about money. For us, it contributes towards the improvement in the quality of life. Whether we are providing commercial and investment banking services or financial products for consumers, we listen to our customers, and develop innovative financial solutions, that enhance their lives whilst staying faithful to Shariah principles."