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Dubai Islamic CEO resigns from Bahrain’s GFH board

Dubai Islamic Bank's Chief Executive Officer Abdulla Al Hamli has resigned from the board of Gulf Finance House , the Bahraini investment bank said Sunday.

January 8, 2012 10:43 by

Al Hamli, who held the position of a board member at GFH, has decided to focus on his duties at Dubai Islamic, according to a statement on the Dubai bourse website.

GFH has been hard hit by the Gulf’s economic crisis and struggled throughout 2010 to pay back the debt it took on during the Gulf property boom that ended in 2008. Its Kuwait-listed shares have fallen 69 percent in the last one year according to Reuters data. (Reporting By Mirna Sleiman, Editing by Dinesh Nair)

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