Bahrain-based GFH Financial Group (GFH), a prominent financial group in the GCC region, has appointed Shaikh Ahmed Bin Khalifa Al Khalifa as the new chairman of the company's board for the next two years, while Dr Ahmed Al Mutawa has been named the vice chairman.

The announcement comes following the recent board meeting of the GFH group in Abu Dhabi where its new board of directors for 2017-2019 was endorsed.

As chairman, Shaikh Ahmed brings with him more than two decades of experience including in senior positions in banking, advisory, ministerial posts, and also as member in other company boards.

The new members industed into the GFH board include Kamal Abdulla Bahamdan, Mazin Mohammed Al Saeed, Jassim Mohammed Al Seddiqi, Rashid Nasser Al Kaabi, Ghazi Faisal Al Hajri, Mosabah Saif Al Motairi, Bashar Mohammed Al Mutawa and Hisham Ahmed Alrayes.

On his appointment, Shaikh Ahmed, said: "I am extremely proud to join the board of GFH Financial Group as its chairman during this exciting time of further development for the group following the delivery of strong progress and results in 2016."

"Following the recent AGM, and the announcement of a new strategy, which will focus on the acquisition of financial institutions, infrastructure investments, and other strategic assets, GFH is now entering a new phase of growth over which I am pleased to be presiding alongside a world-class board and management team," he stated.

Lauding Dr Al Mutawa for all his efforts, Shaikh Ahmed, said: "He played an invaluable role in guiding GFH to where we are today - a growing regional market leader and a well-diversified institution and global investor."-TradeArabia News Service