Amman, August 2009 – The management of Capital Bank announced that a new Board of Directors for the Bank was elected during the General Assembly meeting that was held on the 31st of August 2009; whereby His Excellency Samih Darwazah was elected as the Chairman of the Board and Mr. Khaleefa Butti Omair Bin Yousif was elected as Deputy Chairman. The new members of the board include Mr. Kim Abu Jaber, Sheikh Nehayan Bin Hamdan Alnehyan, Mr. Samir Murad, representatives of Hotaf Investment Company, representatives of Al-Jadara for Real Estate Investment, representatives of the Investment and Integrated Industries Company, and representatives of Al-Khalil Investments. An additional two seats will be occupied by the Social Security Corporation.
Commenting on this news Mr. Haytham Kamhiyah, Capital Bank's General Manager, said: "We welcome the new board, confident that their addition to the Bank will bring in a number of positive outcomes that will be felt by all those who are involved with the Bank, from our customers, to our shareholders and employees. The Board's Chairman and members were elected because of our belief in their extensive professional history; vast knowledge and experience that will help elevate Capital Bank's operations. This will also support our management policy in accordance with the principals of good governance that were placed according to international best practice, in a matter that reflects strength and good judgment in the decision making process that will be adopted by the new board in relation to the Bank's strategies and internal environment."
His Excellency Samih Darwazah Chairman of Capital Bank's Board, said: "I am grateful for the trust that has been placed in me to perform the duties of Chairman of Capital Bank's Board, which is a Jordanian bank that has witnessed continuous developments in its business because of the unlimited ambition and determination that Capital Bank's team has. This new position in the third largest Jordanian bank in terms of capital is a huge responsibility that drives me towards doing all that I can do in order to build on the Bank's successes. I see that the future holds a number of promising opportunities that are in line with the advanced position of the Bank. I look towards this change to achieve all that is positive so that we at Capital Bank can contribute to the development of the banking sector and influence the momentum of economic development in Jordan."
Darwazeh will assume his new position at Capital Bank subsequent to a longstanding career in different sectors including the pharmaceutical, engineering and energy sectors; where he was able to achieve a number of successes through the various positions he held including his work as a Minister of Energy and Mineral Resources in Jordan, Chairman of Arab Engineering Industries, in addition to a number of other high ranking positions. His Excellency is currently the Chairman of the Hikma Pharma Group a company which he helped both found and manage.
Darwazeh holds a B.Sc in Pharmacy from the American University of Beirut, an M.Sc. in Pharmacy from St. Louis College of Pharmacy, Missouri in the United States.
Capital Bank was able to prove through this transition period an ability to adapt to administrative changes and benefit from its positive aspects. The Bank continued its banking activities normally, preserving a balanced level of business, a solid financial situation and liquidity ratio, in addition to conserved reserves because of its sound financial situation, which has been consistently stated by the Central Bank in all its recent statements.

About Capital Bank
Capital Bank has been steadily expanding its operations since its inception in 1995, positioning itself today as the third largest bank in the Kingdom in terms of authorized capital, which amounts to JOD 132.8 million / shares. The bank's capital ratio exceeds the Basel Committee's and the Central Bank of Jordan's requirements and its operational efficiency is considered to be one of the best in the market.
Distinctly characterized by its financial stability, Capital Bank achieved the highest level of growth in deposits, which grew by 27% during the first half of the current year, reaching JOD 632 million. In addition, the bank boasts a high liquidity ratio to the Jordanian Dinar, which amounts to 140.4% compared to the 70% requirement of the Central Bank of Jordan. The bank also achieved the highest asset growth, which exceeded the JOD 1 billion mark at the end of the first half of the current year.
Capital Bank's ambitious and highly-qualified human resources and management team have achieved several successes that have yielded exceptional results in several fields, one of which is that it received the fourth best credit classification in Jordan from the Capital Intelligence organization.

This news release has been distributed by Bidaya Corporate Communications on behalf of Capital Bank.
For more information or assistance please contact us on the below number:

Tel: +962 6 5692008/9
Fax: +962 6 5692007
P.O.Box: 930391, Amman 11193, Jordan
E-Mail: media@bidayacorp.com