Emirates NBD Bank appoints members BOD | CustomNews.pk

Emirates NBD Bank appoints members BOD

DUBAI: Emirates NBD Bank has appointed members of the bank’s Board of Directors for a term of three years till the conclusion of the General Assembly Meeting to be held in the year 2022.

H.H Shaikh Ahmed Bin Saeed Al Maktoum will be the Chairman of the Board while Hesham Abdulla Al Qasim will be the Vice Chairman. Other members of the board include Hussain Hassan Mirza Al Sayegh, Buti Obaid Buti Al Mulla, Shoib Mir Hashim Khoory, Mohamed Hamad Obaid Al Shehi, Mohamed Hadi Al Hussaini, Ali Humaid Ali Al Owais and Salem Mohamed Ibrahim Obaidullah.

Emirates NBD Bank also appointed Deloitte & Touche (M.E) as auditors of the bank until the conclusion of the next general assembly meeting, to audit the accounts of Emirates NBD Group for the year 2019 at an audit fee not exceeding AED 1.812 million.

The 12th General Assembly of Emirates NBD Bank also resolved to renew the approval for the increase of the bank's share capital by an amount of up to AED 7.35 billion through the issuance of new shares at nominal value of AED 1.0 for a subscription price per share at no less than 10 percent discount to the prevailing market price at the relevant time and based on pricing methodology applicable under law, with shareholders in the bank having priority to subscribe for the new shares in proportion to their respective holding at the relevant time, subject to the bank obtaining all necessary approvals from the relevant regulatory authorities.

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