The Board of Directors of Bank of Palestine Group praised the achievements of Mr. Rushdi Ghalayini, who held many prestigious positions at the Group over the long years of service. During the recent meeting of the Groups’ Board of Directors, Mr. Ghalayini’s resignation was accepted upon his request, allowing him the opportunity to start his own business venture, while maintaining his role as board member in the Islamic Arab Bank, PalPay Company, the Investment Bank in Jordan, and the Palestinian Company for Cash and Valuables Transportation (Aman), as well as provide his expert consulting services in the field of banking.

Meanwhile, the Board of Directors promoted Mr. Mahmoud Al Shawa to take on the responsibilities of Mr. Ghalayini and become General Manager as of the beginning of 2021. Mr. Al Shawa joined Bank of Palestine in 2005 and held several prestigious positions including the Department of Treasury, Assistant Risk Manager, and then Risk Manager. He was also appointed as the Financial Director; a position that he continues to occupy until today. Al Shawa holds a Bachelor of Arts in accounting from the American University of Cairo, a Master’s degree in finance and banking from Wells University in the United Kingdom, and earned other degrees in finance and banking through his participation in several international and local financial conferences and forums. Mr. Al Shawa also worked with the International Finance Corporation (the World Bank) on several developmental financial and banking projects for the interest of Bank of Palestine. 

Mr. Hashim Al Shawa, the Chairman of Bank of Palestine Group, expressed his gratitude for Mr. Rushdi Ghalayini and the long years he devoted in service of Bank of Palestine. Mr. Rushdi joined the bank’s family 31 years ago, and was a living example that reflected the bank’s investment in its staff.” Ghalayini managed to climb the administrative and functional level until he earned the position of General Manager in 2017. “It saddens me to accept the resignation of Mr. Ghalayini,” stated Al Shawa, “and as members of the Board, we accepted his resignation to fulfill his personal wishes to move forward and start his own business after 31 years of service, well-spent in taking on responsibilities that reflect his complete loyalty, efficiency, sense of giving and high level of professionalism,” he added. “On behalf of the Board of Directors and the Bank of Palestine family, we are grateful for Mr. Ghalayini, and we wish him the best of luck and success in all his future endeavors. We also look forward to working with him not only as a consultant in the boards where he represents Bank of Palestine, nor as an expert in the field of banking, but also as long-term friend of this Group,” concluded Al Shawa.

Regarding the appointment of Mr. Mahmoud Al Shawa as General Manager beginning in 2021, Al Shawa stated: “we welcome the appointment of Mr. Mahmoud Al Shawa as General Manager beginning 2021, and we look forward to passing on a responsibility that calls upon a great deal of hard work and energy. Palestine is on the verge of economic development, and as a financial institution, along with our affiliated companies, we will certainly be ready to ride the waves.” 

Mr. Rushdi Ghalayini thanked the Chairman and members of the Board for their complete understanding and for accepting his resignation. He expressed his gratitude for the long years in services of the bank, and how much he is looking forward to working with the Board of Directors of Bank of Palestine Group and be part of its growth and development. “I will leave my family next year with a feeling of great satisfaction for all that we have achieved. I am proud of this institution, and with my departure, I am abandoning my daily administrative duties, but I will never give up on my love for this family. I ask God to stay by my side and allow me to support the journey of this great institution on all fronts.”