Manama, Bahrain, 04 November 2007: The first Board Meeting of Kuwait Finance House-Jordan (KFH-Jordan) was held last week and the following were appointed as members of the Board of Directors, Mr. Abdulhakeem Alkhayyat, Mr. Abdul Razak Jawahery, Mr. Mohammed Hamad, Mr. Mohammed Ahmed Al-Halayqa, Mrs. Reem Madhar Al-Badran, and Mr. Ayman Hatahit. The constituent general meeting of Kuwait Finance House-Jordan (KFH-Jordan) elected Mr. Abdulhakeem Alkhayyat, Chairman of KFH-Jordan. Mr. Alkhayyat is also the General Manager of Kuwait Finance House-Bahrain (KFH-Bahrain). During June 2007, Kuwait Finance House-Bahrain (KFH-Bahrain) announced its plans to establish a USD50 million, wholly owned subsidiary in Jordan, Kuwait Finance House-Jordan (KFH-Jordan). KFH-Jordan will have its own dedicated Management Team and will also benefit from having access to financial and specialised resources from an already established network in Bahrain, with a main purpose of expanding investment opportunities in the Jordanian Economy. KFH-Jordan will add to the growing network of the KFH Group which currently operates in Kuwait, Bahrain, Turkey and Malaysia. KFH-Jordan was incorporated under the Laws of the Hashemite Kingdom of Jordan and the main activities will include Investment Advisory, Acquisitions and Development of Investments and Private Equity. KFH-Jordan will contribute highly to the rapidly growing Foreign Direct Investments in Jordan and the regional Economy in general. Recently Jordan witnessed a major increase in foreign investments, mainly in the Manufacturing and Hotel & Lodging Industries. Commenting on this announcement Mr. Abdulhakeem Alkhayyat General Manager of KFH-Bahrain and Chairman of KFH-Jordan said "KFH has emerged from its domestic beginnings into becoming a global financial leader. I am confident that this appointment, combined with our world-class employees, competitive strategy, leading brand and network, and diverse product offering will lead to the continued success for KFH-Jordan." KFH-Bahrain has entered into several countries with strategic investments, including Bahrain, New Zealand, Turkey, United Kingdom, Jordan and the United States of America. KFH also has major real estate investments in Bahrain, including Darrat Al Bahrain, Diyyar Al Muharraq and Ishbiliya Village expected to reach US$12 Billion over the next 10 years. KFH-Bahrain is fully owned subsidiary of Kuwait Finance House(Kuwait) (KFH-Kuwait) which is the largest Islamic Bank in the World and was established in the State of Kuwait in 1977. KFH is listed on Kuwait Stock Exchange (KSE), with a market capitalization of US$ 11 Billion as of 31 December 2006. Assets total US$ 22 Billion and deposits amount to US$ 13 Billion, representing 25% of the total deposits in the Kuwaiti market as per the balance sheet of 2006. KFH-Kuwait provides a wide range of products and services, covering banking, real estate, trade finance, investment portfolios, and other products and services.