L'azurde Company for Jewelry announced that its board of directors accepted on February 22, 2017, the recommendation of the Nominations and Remuneration Committee to nominate Mr. Rabih Khouri as a temporary non-executive board member and member of the audit committee. This appointment, effective from February 22, 2017, will be final upon the approval at the first ordinary general assembly meeting planned to take place in April 2017. At the same time, the board of directors issued its acceptance of the resignation letter dated February 1st, 2017 of Mr. Hani Ibrahim Ahmed Obeid (a non-executive Director) from the board for personal reasons. The resignation is effective as of the board acceptance on February 22, 2017. Mr. Rabih Khouri is currently a managing director, Corporate Investment MENA at Investcorp. Rabih works in financial and banking services since 2007 and is a board member at several companies such as Theeb Rent Cars Company and Leejam Company operating the sports clubs under the Fitness Time brand. Rabih has more than 15 years in leading managerial positions at global banks and financial institutions.