BNF Bank appoints new Alternate Non-Executive Director

BNF Bank plc on Monday announced that Mahmoud Tarek Mahmoud Mohamed Elsayed has been named as Alternate Non-Executive Director on the Board of Directors.

The role of an Alternate Non-Executive Director is to act in place of the original Director whenever they are unable to attend board meetings. Generally, these individuals have the same powers to attend, speak and vote at board meetings as the original Director.

In his new position, Mr Elsayed will substitute Sheikh Turki Feisal Q.F. Al-Thani.

The appointment is subject to regulatory approval, with his appointment becoming effective from the date of such approval.

Aside from his new role, Mr Elsayed is also Investment Manager at Al Faisal International for Investment Q.P.S.C. There he is responsible for the private equity firm’s investment portfolio in various jurisdictions, as well as the private investments of the company’s shareholders. He is also a Committee Member of its Investment and Risk Committee.

Al Faisal International for Investment, through its subsidiary JUD Investment Group Ltd, has a 92.4 per cent stake in BNF Bank.

Mr Elsayed holds a Bachelor of Science in Business from DePaul University, Chicago.

BNF Bank is a key player in Malta’s financial services sector, operating a network of 12 retail branches spread across the Maltese Islands to offer personal and business clients highly personalised products and services. It has also established an international presence through a branch in London.