Reef board of directors elected at shareholders meeting

Real Estate Finance Company (Reef) announced the results of its recently held elections for the company’s board of directors over the following three years of business. The board was elected in Reef’s second annual general meeting for shareholders held at the Ritz-Carlton Hotel & Spa.

Reef’s newly-elected board members are Ali Al Baghli – chairman, Omar El Quqa – vice chairman, and board members Osama Muein, Dr AbdulAziz Al Dakheel, Abdulla Abu Hadeeda, Naser Al Gharibah and Samer Abbouchi.

The session had an attendance of 94.199 per cent with 14 candidates in the running for places within the board. Returning chairman Mr Al Baghli, said: “We are extremely pleased with the ongoing interest that our shareholders have in Reef. The newly-elected board members represent key constituents of the industry in which we function, and we expect that their talent and experience will provide us with the momentum to continue Reef’s drive towards achieving even greater results.”

Mr El Quqa said: “We look forward to a bright and prosperous future for Reef, a company well positioned to benefit from the growth in the Bahraini economy in general and the real estate sector in specific.”