EVENT: Annual General Meeting confirms robust health of the Association
Date: 22nd November, 2019 Time: 06:00 pm - 09:15 am
Our Annual General Meeting (AGM) was held on Thursday 22 November, at our offices in Upper Grosvenor Street, Mayfair.
The Association's Treasurer, Hani Salem, presented the accounts for 2018 and updated members on the 2019 budget. The accounts show that the Association remains profitable year-on-year and that it holds strong cash reserves. The meeting approved the accounts and reappointed Munir Tata as auditors for next year.
George Kanaan, the Chief Executive Officer, gave an account of the Association's activities, noting in particular the Association's increasing importance as a forum in which UK authorities, such as financial regulators and tax offices, can interact with the Arab banking community. Social events were well attended during the year (with the post-Ramadan party being heavily oversubscribed) and an increasing number of professional firms are hosting events for corporate members as part of their marketing and outreach strategies.
George also noted that corporate membership continued to grow during 2019 and now stands at the highest level ever.
Andrew Cunningham, the Association's Editor in Chief, briefed the meeting on Arab Banker magazine, which continues to make a small profit for the Association, and the website, which is seeing a steady and consistent rise in viewers.
The photograph shows (l-r), Stephen Blyth (Director), Hani Salem (Treasurer), Abdulaziz al-Khereiji (Chairman) and George Kanaan (CEO).
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