board of directors
                                                                                                                                                           

  Ali al Shihabi, Chairman
       Mr. al Shihabi is the Founder of Rasmala

  Tamer Bazzari, Management Director
       Mr. Bazzari is the Chief Executive Officer of Rasmala

  David Woods, Management Director      
       Mr. Woods is the Chief Operating Officer of Rasmala

  Khaled Masri, Management Director      
       Mr. Masri is the Head of Brokerage of Rasmala

  Dr. Abdulaziz Al Fahad, Independent Director
       Chairman- Compensation Committee
       Dr. Al Fahad is the principal of the Al Fahad Law office (Riyadh)

  Nabil Kamhawi, Independent Director
       Chairman- Audit Committee 
       Mr. Kamhawi was the former Managing Partner of Ernst & Young (Egypt)

  Hamed Kazim, Independent Director

Former Managing Partner of Ernst and Young in the UAE and
current board member of Dubai Bank and the Emirates Securities and Commodities
Authority