Khartoum, April 28th, 2010: Al Salam Bank - Sudan today announced that H.E. Mohammed Ali Al Abbar has resigned from his position as the bank’s Chairman due to his responsibilities overload.

Al Salam Bank’s Board of Directors expressed deep appreciation for the massive efforts exerted by AL Abbar to lead the band since its establishment, his limitless support for the Board and his full cooperation with its members. The Board assured that during Al Abbar’s tenure, Al Salam Bank - Sudan experienced an outstanding fiscal results and high profitability and maintained a 10% dividend distribution since its launch.

H.E. Hussein Mohammed Al Meeza, Vice Chairman of Al Salam Bank – Sudan, lauded Al Abbar’s dedication and contributions to the success achieved by the Bank so far.

“Al Abbar’s resignation as the Chairman of Al Salam Bank – Sudan is a real loss for the bank. However, considering Al Abbar’s circumstances and the burden of responsibilities he is shouldering, the Board of Directors had no choice other than accepting his resignation,” he said.

Al Meeza expressed gratitude for the resigned Chairman, who is considered the founder of Al Salam Bank – Sudan.   . 

Meanwhile, Al Salam Bank – Sudan announced the appointment of H.E. Mohammed Bin Omeir bin Yousef as the Bank’s new Chairman, stressing that there will be no changes in the composition of its Board of Directors.