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Al Baraka Banking Group announced the appointment of Abdullah Saleh Kamel as the board's new chairman. Previously, the chairman position was held by the late Sheikh Saleh Abdullah Kamel, the group's founder who passed away last month. Kamel served as the board's vice chairman and chairman of the executive committee for several years, contributing to the group's expansion strategies.

The shareholders of the AlBaraka Banking Group re-elected Saleh Abdullah Kamel as the group’s chairman of the for another three year term during a meeting held at Sheraton Hotel on Wednesday. The shareholders’s meeting was attended by 91% of the group’s total shareholding.
The new board includes Saleh Abdullah Kamel, Abdullah A. Saudi, Abdullah Saleh Kamel, Saleh Mohammed Al Yousef, Adnan Ahmed Yousif, Anwar Ibrahim, Abdul Ellah Sabbahi, Ebrahim Fayez Al Shamsi, Yousif Ali Fadil bin Fadil, Jamal bin Ghalaita, Bassem I. Awadallah , Mohyedin Saleh Kamel, Fahad Abdullah Al-Rajhi.

Mohannad Sharaw, Saudi Gazette, reported on 18 April that Bank AlJazira increased the bank's capital from SAR 2.250 bn (255 mn equities) to SAR 3 bn (300 million equities), or a 33.3 percent increase and the the total number of shares of 27 stakeholders reached 142,201,320 mn, representing 63 % of the bank's 255 million equities. The SAR 750 mn hike will be deducted from the net profits account according to the SAMA regulations.

The 42nd general annual meeting of the bank was held at Jeddah Hilton led by Taha Bin Abdullah Al-Qwaiz, head of the board, along with Abdullah Saleh Kamel, Abdullah Al-Angari, Khalid Bin Omar Al- Baltan, Eng. Abdul Majid Al-Sultan, Khalifa Bin Abdul Latif Al-Mulhim, Mishari Bin Ibrahim Al- Mishari, and Mohammad Bin Abdullah Al-Mudbel.

The board likewise approved dividend of SR0.50 per each equity owned and registered at Tadawul by the end of the stock market session on Wednesday and the added profits on April 29.

Source: http://www.zawya.com/story.cfm/sidZAWYA20080418071404