Mr. Pradeep Asrani, Chief Executive Officer (CEO) of Gulf Investment Services Holding Co. SAOG (GIS), has decided to retire after 42 years of active career in the commercial and investment banking industry and tendered his resignation from the services of the company. The Board of Directors of GIS, at its meeting held on May 01, 2018, has accepted the resignation of Mr. Pradeep Asrani and has agreed to relieve him from his official duties at the close of office hours on June 10, 2018. Mr. Pradeep Asrani shall continue in his present position till the date of his relief from the services of GIS. The Board has nominated Mr. Ehab Alexan Girgis Kost as the Acting Chief Executive Officer with effect from June 11, 2018, till further notice.