Bank Islam Brunei Darussalam Appoints Its First Female CEO

On the 22nd of November 2021, Brunei-based, Bank Islam Brunei Darussalam (BIBD), announced that Hjh Noraini Hj Sulaiman will replace Mubashar Khokhar as the Chief Executive Officer and Acting Managing Director from the 1st of December 2021.

Why it Matters?

Hjh Noraini, who is at present the Deputy Managing Director at BIBD, will be the first woman to take the role since the bank’s inception in 2005. In 2020, BIBD’s total assets stood at USD 9.7 billion.

Details

Hjh Noraini will succeed Khokhar, who has been on secondment from Fajr Capital (Fajr), a Dubai-based private equity firm, since 2015. Fajr bought a 29% interest in BIBD in 2010 but sold it to the Brunei Investment Agency in January 2020, thereby...