SCAP Shariah (Regs)

    RNS Number : 4593V
  Shariah Capital, Inc
  28 May 2008
   

    Shariah Capital, Inc.

    Shariah Capital Announces Board of Directors

    Shariah Capital announced the reappointment of its board of directors and the election of a new, non-executive director at the company's
annual shareholder meeting.

    Re-elected to the board for a one-year term were:

    Eric Meyer, Chairman

    Joseph Gau

    Shaykh Yusuf Talal DeLorenzo

    Mohammad Jamjoum
    In addition, Shariah Capital announced that Dr. David Rutledge, Chief Executive of the Dubai Multi Commodities Centre (DMCC) has been
elected for a one-year term to its Board of Directors at the company's annual shareholder meeting.  Dr. Rutledge joins as a non-executive
Director coinciding with the DMCC's recent 4.99% equity stake in Shariah Capital.  
    Dr. Rutledge has extensive international experience in the commodities, financial and related derivatives markets in the U.S., Australia
and the Middle East.  He joined the DMCC in February 2003 as Executive Director, Commodities.  Since December 2004, he has been responsible
for the overall management of the DMCC's activities in the commodities, precious metals and diamonds sectors. Dr. Rutledge played a major
role in the development of the first derivatives exchange in the Middle East - the Dubai Gold & Commodities Exchange - of which he was the
founding Chairman and is now a non-executive Director. He is also the Chairman of the Dubai Diamond Exchange and of International Diamond
Laboratories, as well as a member of the Dubai World Board of Directors. 
    Before joining the DMCC, Dr. Rutledge held positions as Managing Director, Zurich Capital Markets; Chief Executive, Sydney Futures
Exchange; Chief Executive of the Queensland Sugar Corporation; Vice President and Chief Economist at the New York Comex Exchange; and Senior
Vice President - Market Development, New York Board of Trade. 
    
    Dr. Rutledge holds degrees in economics and statistics from the University of Sydney and Stanford University, including a Ph.D. from
Stanford. He is a Fellow of the Securities Institute of Australia.
    .
    Enquiries:
    Eric Meyer
    Chairman and Chief Executive Office
    Shariah Capital, Inc.
    Telephone: +1 (203) 972-0331
    emeyer@shariahcap.com

    Paul Gray
    Investec Investment Banking
    Telephone : +44 (20) 7597 5176

This information is provided by RNS
The company news service from the London Stock Exchange
 
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