Munir A Makki, Managing Director and President of The Financial Corporation Company SAOG submitted his resignation from the services of the company for personal reasons and the board accepted his resignation. Munir Makki will continue to be a director in the board of FINCORP. Further the board agreed to relieve him from the responsibilities by August 31, 2012. The company is in the process of finalizing alternative arrangements. The board expressed their gratitude to the previous Chairman Mr. Noor Mohammed Abdul Rahman Al Zadjali and Mr. Munir A Makki, Managing director and President for their contributions to the company.