Chairman, Mr. Mahmoud Al-NouriKuwait,13 March 2013: Gulf Bank today announced that its Chairman, Mr. Mahmoud Al-Nouri, will leave office during the next meeting of the Board, following his doctors' advice.Mr. Al-Nouri stated that he is proud of serving Gulf Bank over the past period, which witnessed rapid changes in the banking sector."I have decided- after much thought, to resign from my office as Member and Chairman of the Board of Directors." he said."The past four years have been very fruitful, however, it took great effort and time, and I now look forward to focusing on my health, and want to dedicate more time to my family, in addition to continuing my responsibilities as a Board Member of other institutions." Mr. Al-Nouri added."My experience with Gulf Bank's team has been wonderful. I am proud of the achievements we realized together, especially the strong operating performance, and powerful balance sheet. I wish the Bank further success in the future in coping with the notable growth it will attain as one of the most appreciated and reputable Kuwaiti institutions." he concluded.Mr. Omar Alghanim, Deputy Chairman of Gulf Bank, said: "Mr. Mahmoud Al-Nouri has provided Gulf Bank with valuable advice as Chairman in the last year, and as Member and Deputy Chairman over the three preceding years. He has been a responsible, dedicated and distinguished colleague. We wish him every  success in the future."Gulf Bank's CEO, Mr. Michel Accad, said: "On behalf of the Bank's Executive Management, I would like to express our profound thanks and appreciation to Mr. Mahmoud Al-Nouri for his support to us, and for his leadership of the Bank over the past years. Gulf Bank has been privileged with the opportunity of benefiting from his broad knowledge of the banking sector. We wish him a healthy and successful future."It should be noted that Gulf Bank's Board of Directors will officially ratify the application of resignation tendered by Mr. Mahmoud Al-Nouri and will elect a new Chairman during the next Board of Directors' meeting, which will be held on Saturday, 16 March, after the Bank's Annual General Meeting. Gulf Bank's Articles of Association stipulate that the Chairman should be elected among its present Members.