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Rashed Fahad Al-Noaimi steps down from Airtel board

November 27, 2017

Bharti Airtel has stated that its non-executive non-independent director Rashed Fahad Al-Noaimi has stepped down from the company’s board of directors with effect from November 22, 2017.

The move follows the open market sale of 5 per cent stake by Qatar Foundation in Airtel for Rs 96 billion. Qatar Foundation will reinvest the proceeds of the stake sale across its global portfolio.

Al-Noaimi is presently the chief executive officer of investments at the Qatar Foundation. He is responsible for managing Qatar Foundation’s investment portfolios and framing long-term investment policies that include Qatar Foundation Endowment, Qatar Foundation Investments as well as the organisation’s other joint ventures and initiatives.

 
 

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