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Kingdom Hotel Inv (KHI)

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Friday 17 July, 2009

Kingdom Hotel Inv

KHI appoints Independent Dire

RNS Number : 8451V
Kingdom Hotel Investments
17 July 2009

Kingdom Hotel Investments appoints Independent Director

Dubai, 17 July 2009. Kingdom Hotel Investments is pleased to announce the appointment of David Pace as an additional independent Director of the Company with effect from 14 July 2009. In that role, David will sit on the Audit Committee as well as the Remuneration Committee. His appointment is subject to Shareholders' approval at the next General Meeting.

David Pace has thirty years of international experience in finance, IT and management consultancy. He is currently the Chief Financial Officer of Unicorn Investment Bank the Bahrain-based Islamic investment bank. Prior to that, David was Chief Financial Officer of Gulf Bank where he played a key role in transforming the Kuwaiti institution into one of the most profitable banks in the Middle East. Before relocating to the Middle East, David had a 17-years career at HSBC during which he has held a number of senior positions in finance. 


Kingdom Hotel Investments

Eric Chang                                                                         +971 4 361 1800

Brunswick Group 

Kate Holgate (London)                                                  +44 207 404 5959

Rupert Young / Jeehan Dahman Balfaqaih (Dubai)     +971 4 365 8260

Notes to Editors

KHI, headquartered in Dubai (UAE), is the leading international hotel and resort acquisition and development company focused on high growth emerging markets such as the Middle East, Asia, and Africa.

The Company has ownership interests in 27 properties in 19 countries including 22 operating hotels and resorts and 5 hotels and resorts currently under construction or in the initial stages of development. KHI is listed on NASDAQ Dubai and the London Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange

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