SCAP Shariah (Regs)

    RNS Number : 3175E
  Shariah Capital, Inc
  25 September 2008
   
    Shariah Capital appointment of Managing Director

    Shariah Capital, Inc. (SCAP:L) ("Shariah Capital" or the "Company") today announces the appointment of  Mohammad Jamjoum, previously a
non-executive director of the Company, as a Managing Director of the Company with responsibility for the Company's Dubai office. He will
continue to serve on the Company's Board of Directors, now as an Executive Member.

    As part of his compensation package, which includes a base salary and various bonus incentives, Mr. Jamjoum has been granted options
over the common stock of Shariah Capital. These options, which are convertible into a total of 1,000,000 shares of the Company's common
stock, are exercisable over a 4-year period at a strike price of $1.50 per share.  Mr. Jamjoum currently owns no shares in the Company.

    Mr. Jamjoum has over 35 years of experience in Middle East banking. Following an extended career with Chase Manhattan Bank in New York
and Bahrain, Mr. Jamjoum, during the 1990's, was the general manager and CEO of Doha Bank, Jordan Kuwait Bank and Jordan Gulf Bank. More
recently, he has acted as a consultant and advisor to various financial institutions in the Gulf. In 2000, Mr. Jamjoum spent two years as an
advisor to the Reconstruction and Development Bank of Bosnia & Herzegovina. Subsequently he was an adviser to Qatar Islamic Bank where he
was responsible for establishing expansion projects in Malaysia, the United Kingdom and the United States. Mr. Jamjoum most recently was the
CEO of Trust Bank-Algeria. 

    Enquiries:

    Eric Meyer
    Chairman and Chief Executive Officer
    Shariah Capital, Inc.
    Telephone:  +1 (203) 972-0331
    emeyer@shariahcap.com

    Paul Gray
    Investec Investment Banking
    Telephone:  +44 (20) 7597 5176


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