The Board of Directors conveyed their appreciation to Mr. Jassim Mustafa Boodai, the former Chairman, for his service. Bringing over two decades of experience in the financial and industrial sectors, Mr. Al-Kharafi became a member of Gulf Bank's Board in 2012. Presently, he serves as the Vice Chairman and Group CEO of Zain Group in Kuwait, Vice Chairman of Zain in Saudi Arabia, and Vice Chairman of Gulf Cables & Electrical Industries Group Co. He also holds positions as a Board Member and Chairman of the Executive Committee at Boursa Kuwait, Vice Chairman of Heavy Engineering Industries & Shipbuilding Co. (HEISCO), and Vice Chairman of National Investments Company (NIC). Furthermore, he serves as a Board Member on the Middle East Advisory Board at Coutts & Co. in the UK.