Jamal Al-Hazeem elevated to BMI CEO

July 7, 2010 12:06 pm

Speaking on behalf of the Board of Directors, Sheikh AbdulMalik bin Abdullah Al Khalili, Chairman of BMI said:

“I take this opportunity to thank Andrew for his hard work, dedication and leadership of the business over the last three years and wish him the best in his future endeavors. Jamal is a seasoned banker and will now lead BMI forward. BMI is a dynamic bank having grown from strength to strength since its inception in 2005. We are well on the way to becoming what we set out to be – a truly regional bank that has the best interests of its customers at its heart.”

Andrew Bainbridge noted: “It was a hard decision for me to leave BMI but I am delighted to hand over to Jamal and am confident that he will continue to focus on our three core pillars of customer service, control and infrastructure to build an ever stronger customer-centric business. Today, BMI has one of the strongest capital adequacy ratios in the market with excellent liquidity and a loyal and growing customer base. I would like to thank all our partners for their unwavering support during my tenure with BMI.”

Jamal Al-Hazeem, the Bank’s new CEO said: “At BMI, it will be business as usual with a seamless transition. BMI is a young and growing bank with excellent customer and shareholder support and I look forward to building on the Bank’s strengths as well as delivering on our commitment to provide customers with unique and innovative financial products and services.”

BMI recently celebrated its 5-year anniversary with a renewed commitment to invest in better customer service and innovative products leading to inspiring banking solutions. BMI, an associate of BankMuscat ,the largest financial services provider in Oman today, is a retail bank, registered in Bahrain and regulated by the Central Bank of Bahrain offering a full range of retail and commercial banking services. BMI Bank operates in Bahrain through a network of 8 branches and 25 ATMs with internet banking for easy access to services.