Al Abbar is new Board Chairman of AMLAK

Al Abbar is new Board Chairman of AMLAK Dubai, Mar. 12, 2004 (WAM) -- Mohammed bin Ali Al Abbar has been appointed the new Board Chairman of AMLAK Financing Company, it was announced here today. The new appointment came following the company's first board meeting, which was held here on March 9, during which Mohammed Ibrahim Al Sheban was also elected as the company's deputy board chairman. In a key note address, Al Abbar said he expects AMLAK to be one of the most vigorous and most innovative companies in its sector, citing the great success in the subscription of the company's shares and AMLAK's successful transformation into an Islamic Financing body. A press release from AMLAK reaching WAM today, said that the company's board had approved the setting up of an executive committee, headed by Hussein Mohammed Al Meeza, with Saleh Saeed Lootah, Mohammed Sulaiman Al Omar, Farouk Mahmoud Al Rujmand and Mohammed Ali Al Hashimi, as members of the committee. WAM/SA 22 35 CCCCQQE