The bank’s chairman Mohsen Moustafa will step down from 31 December and non-executive director Abdul Hakim Al Adhamy is to resign with effect from 10 November, the Aim-listed bank said in a statement to the stock exchange.
The Islamic bank posted a loss of £4.3 million for the first six months of the year, a slight improvement on the situation in the same period last year when it posted losses of £4.6 million.
Over the summer the bank raised £20 million through a placing of new shares through founding shareholder Qatar International Islamic Bank.
Source : http://www.birminghampost.net/birmingham-business/birmingham-business-news/financial-business-news/2010/10/29/two-board-members-at-islamic-bank-of-britain-resign-65233-27568187/#ixzz13otpJuMl
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