89YE Lloyds Bk. 43

RNS Number:0984H
BBK (B.S.C.)
06 November 2007


             A press statement from Bank of Bahrain and Kuwait

Mr. Murad Ali Murad, Chairman of  Bank of Bahrain and Kuwait (BBK) announced
that the  Board of Directors of the Bank at its meeting held on Sunday, October
28, 2007 discussed the resignation request from Dr. Farid Ahmed Al Mulla, 
General Manager CEO of the Bank from his post, to pursue and take up another job
opportunity. after 17 years with BBK during which  he held several key
positions last of which was as the General Manager in 2002 before becoming
General Manager and CEO in  2003. The Board  resolved in the said meeting to
accept the resignation and thanked Dr. Farid Al Mulla and wished him every
success.      

Mr Murad added in his statement that in  the past two decades, the Bank, has
witnessed considerable changes in size and organization, as well as the
expansion of its banking and other activities. The Bank has accomplished
noticeable success in achieving its corporate objectives included in its 
strategies leading to good growth in profitability over this period. This
resulted in the uninterrupted distribution of annual dividends to shareholders
gaining at the same time the trust and confidence of its stakeholders. 

Mr. Murad added that the Board also decided on the steps and necessary
arrangements for the appointment of a successor to the former General Manager
CEO.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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