mr. khalid m. kanoo is appointed chairman of first leasing bank

Published March 21st, 2007 - 11:52 GMT

First Leasing Bank has announced the appointment of Mr. Khalid M. Kanoo as Chairman of the Bank during its Annual General Meeting which was held this week at the Regency Intercontinental Hotel in Manama.

This important appointment that further strengthens the Bank’s pool of experience comes as a highlight to a successful AGM which was presided over by Mr.Khalid Janahi, outgoing chairman of First Leasing Bank. Mr. Kanoo brings a wealth of knowledge and expertise developed over a wide range of business activities with a variety of renowned public and private institutions.

“Mr. Kanoo’s rich experience in the business, government, and philanthropic sectors makes him an ideal choice for this position. First Leasing Bank always seeks to maintain the highest standards, and Mr. Kanoo’s experience and know-how is very hard to come by,” said Mr. Janahi.

“We are extremely pleased to welcome Mr. Khalid Kanoo onboard and are confident that his guidance will prove invaluable to achieving First Leasing Bank’s plans for the future,” he added.

Mr. Kanoo is regularly called upon by major institutions such as the Bahrain Economic Development Board, the Arab Business Council, the Bahrain Chamber of Commerce and Industry, the Bahrain Stock Exchange and the American Chamber of Commerce in Bahrain, holding several positions such as chairman, member, or founder of these organizations and companies in and outside of Bahrain.

“I am grateful for the confidence and trust that First Leasing Bank has entrusted on me, and I look forward to working together with my fellow directors and the executive management of the Bank in continuing to grow and shape the future of this institution. I am particularly eager to apply FLB’s expertise to areas such as real estate leasing and infrastructure housing development,” said Mr. Kanoo.

Mr. Kanoo is currently a partner and Group Managing Director of Yusuf Bin Ahmed Kanoo Group of Companies. He has also keen interest in matters related to family businesses, having written many articles and given lectures on the subject all across the GCC.

About First Leasing Bank B.S.C.(c): Established in August 2004 with a paid-up capital of US$100 million, FLB is the first bank in the GCC dedicated exclusively to the introduction and expansion of equipment leasing throughout the region. The Bank provides finance and operating leases for most asset classes, including industrial, manufacturing, medical, printing and publishing, construction, telecommunications, IT, transportation and marine.



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