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Executive Appointments at IFA Hotels & Resorts

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The board of International Financial Advisors (IFA) has appointed Talal Jassim Al-Bahar as Chairman and CEO of IFA, Saleh Saleh Al-Selmi as Vice Chairman and Ibrahim Saleh Al-Therban, Abdulwahab Ahmad Al-Nakib and Wafa Ahmed Al-Qatami as board members.

IFA Hotels & Resorts board members have elected Ibrahim Saleh Al-Therban as the company's new Chairman and Talal Jassim Al-Bahar as Vice Chairman and Managing Director. Elected board members are Abdulwahab Ahmad Al-Nakib, Abeyya Ahmed Al-Qatami, Werner Burger and James Wilson.

Succeeding his father, the late Jassim Al-Bahar, Talal Jassim Al-Bahar said, It's not an easy feat to sit in the place of the man who was one of the most prominent members of the Kuwaiti economy, with a broad history of groundbreaking achievements. Jassim Al-Bahar succeeded in establishing one of the most distinct investments groups in Kuwait, playing an active role on both the domestic and international front, while also giving back to those less fortunate by getting involved in numerous humanitarian and charitable works with particular interest in elevating Kuwaiti affairs. He was a remarkable man in his unlimited scope as a visionary and in giving back to the community, and we intend to follow in the path that he laid before us.

Before his passing, he set in place his vision and strategy to take the group to the next level by focusing on equity markets and the real estate sector, and also continuing to launch new initiatives both locally, regionally and globally. In order to maximize shareholder value and to exceed their expectations, we will all strive to meet and exceed those ambitions.

Ibrahim Al-Therban, newly appointed Chairman of IFA Hotels & Resorts added, The success of IFA Hotels & Resorts over the last few years has gained the trust of our shareholders. We aim to continue growing the company further by creating promising investment opportunities and increasing shareholder returns following the company's strategic direction of expanding into emerging markets in the Middle East, South Africa and Asia in addition to Europe, the United States and the Pacific Ocean.

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