Amman, January 2010 – Mr. Ismail Tahboub was appointed as the Acting CEO of Jordan Dubai Capital (JD Capital). Mr. Tahboub succeeds H.E. Mr. Samir Zaid Al-Rifa’i who, on the 9th of December 2009, was appointed by royal decree as the Prime Minister of Jordan. Mr. Tahboub’s appointment was confirmed during the company’s board meeting which was held on the 4th of January 2010.

On this occasion, Mr. Sameer Al Ansari, Chairman of JD Capital, stated: “We are fully confident in Ismail Tahboub’s ability and dedication towards positively directing the company’s operations, as he has been a member of the Jordan Dubai Capital family and has participated in the company’s various developmental stages and its investment projects throughout the Kingdom at both the managerial and executive levels. Mr. Tahboub enjoys an aspiring vision and unlimited ambition, both of which are characteristics that all our team members are known for and motivated by. On this occasion, we would also like to wish Mr. Tahboub the best of luck and look forward to future successes.”

Commenting on his new position as the Acting CEO of JD Capital, Mr. Tahboub said: “I am very proud to have been entrusted with the responsibility of leading the company’s operations. The company has been built on a solid vision, strong foundations and carefully planned investments strategies instilled by His Excellency Samir Zaid Al-Rifa’i and resulted in a series of accomplishments that left a distinctive mark on the company’s development.”

He added: “We will continue our investment operations and will strive to exceed expectations by utilizing the company’s strong infrastructure, our distinctive shareholder base, and our clear investment policies. Our future plans will be based on best business practice in order for Jordan Dubai Capital to remain as a live model for sound planning and implementation that yields tangible results which reflect our efforts, ambitions and persistence to succeed.”

Mr. Ismail Tahboub joined JD Capital in 2006 as Chief Financial Officer and subsequently assumed his position as Senior Vice President and Head of Investments, brining to the table over ten years of experience in private equity investment, corporate finance, and restructuring financial, planning and auditing systems, which he gained during his time working with a group of companies and institutions and assuming different positions on a number of boards of directors in Jordan and the region.

Mr. Tahboub holds a Bachelor’s degree in Accounting from the University of Jordan, and is a member of the American Institute of Certified Public Accountants (AICPA).

This news release has been distributed by Bidaya Corporate Communications on behalf of Jordan Dubai Capital.
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