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We are pleased to announce that the Ordinary General Assembly of Credit Libanais (CL) held exceptionally on July 21st, 2016 at the Bank’s Headquarters in Ashrafieh - Lebanon has elected four new board members, subsequent to the partial exit of EFG Hermes from its shareholding in Credit Libanais, thereby reducing its stake from 63.74% to 19.45%, and its representation on the board to two members. Representatives of EFG Hermes Mr Philip Khoury, Ms Fatma Lotfy, Mr Mostapha Nasser and Mr Mohamad Arafa left the board and were replaced by the new members: Mr Rabah Jaber, Mr Rabah Idriss, Mr Abdel Ilah Mukred Ali and Mr Joe Issa El Khoury.

The General Assembly expressed its appreciation to the EFG leaving board members for their valuable contribution during their mandate.

The composition of the new Board of Directors of Credit Libanais is as follows:

Chairman - General Manager:  Dr. Joseph Torbey
CIH Bahrain International Holding sal represented by Mr. Abdulla Alsaudi,
Dar Al-Handasah Consultants Shair and Partners Holdings Ltd represented by Mr. Talal Shair,
H.E. Mr. Marwan Hamade,
Mr. Efstratios Georgios Arapoglou,
Mr. Mohamad Wajih El-Bizri,
Mr. Sarkis Demerdjian,
Mr. Rabah Idriss,
Mr. Rabah Jaber,
Mr. Abdulelah Abdu Mukred Ali,
Dr. Michel Khadige,
Me. Joe Issa El khoury,
Secretary of the Board:  Me. Adel Macaron
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