Directorate Change

 

TIDMSCAP 
 
RNS Number : 7587E 
Shariah Capital, Inc 
29 December 2009 
 

Regulatory Announcement 
Company              Shariah Capital, Inc. 
TIDM                      SCAP 
Headline               Appointment of Director 
Released              29 December 2009 
 
Shariah Capital Announces Board Changes 
 
Shariah Capital announces the appointment of Malcolm Wall Morris, 38, as a 
non-executive director.  Mr. Wall Morris replaces Board Member Dr. David 
Rutledge who has stepped down from the board with effect from today. 
 
Mr. Wall Morris is the new Chief Executive Officer of the Dubai Multi 
Commodities Centre (DMCC).  He replaces Dr. Rutledge who recently retired from 
the DMCC following six years at DMCC and decades in the international 
commodities, financial and derivatives markets. 
 
Before becoming CEO of the DMCC, Mr. Wall Morris, a commodity and derivatives 
expert, was the CEO of DGCX, the Dubai Gold & Commodities Exchange.  Prior to 
DGCX, Mr. Wall Morris was the Head of Business Development, Commodity Products, 
at LIFFE, the derivatives business of NYSE Euronext where he was responsible for 
the marketing and development of existing and new futures and options contracts 
forming LIFFE's commodity product portfolio.  At DGCX, which is 51% owned by 
DMCC, Mr. Wall Morris led the exchange into the next stage in its strategic 
growth, consolidating its position as the leading derivatives exchange and 
preferred platform for executing commodities and currencies business in the 
Middle East. 
Shariah Capital also announces the appointment of Steven J. Adelkoff, 47, as the 
Company's Chief Financial Officer and General Counsel.  Mr. Adelkoff also will 
serve as the Company's Corporate Secretary.  He previously served as Shariah 
Capital's outside legal counsel, supervising all legal, tax, accounting and 
documentation issues relating to the Al Safi Trust platform, while a partner at 
K&L Gates, an international law firm he joined in 1988.  For over two decades, 
Mr. Adelkoff has worked in all aspects of the alternative investment industry, 
most recently in the formation and operation of global investment funds.  He 
earned his Juris Doctorate from the University Of Pittsburgh School Of Law, his 
Master of Business Administration from Cornell University - The Johnson School 
of Management, and his Bachelor of Arts degree from Rutgers University. 
Other than as disclosed below, there is no further information required to be 
disclosed under Schedule 2 (g) of the AIM Rules. 
Current Directorships 
Malcolm Wall Morris 
  *  Dubai Cotton Centre DMCCC 
  *  Dubai Commodity Asset Management DMCC 
  *  Concordia DMCC 
  *  Dubai Shariah Asset Management DMCC 
  *  Dubai Gold Investments DMCC 
  *  Dubai Diamond Exchange DMCC 
  *  Dubai Gold & Commodities Exchange DMCC 
  *  Global Investment Solutions DMCC 
  *  LNG DMCC 
  *  Dubai Oil Storage DMCC 
  *  Dubai Gems Club DMCC 
  *  International Diamond Laboratories DMCC 
  *  Dubai Tea Processing Company DMCC 
  *  Time Zone Business Park DMCC 
  *  Dubai Pearl Exchange DMCC 
  *  Gundlach Packaging DMCC 
  *  Dubai Tea Trading Centre DMCC 
  *  DSAM Kauthar Gold Fund, Ltd. 
  *  DSAM Kauthar Energy Fund, Ltd. 
  *  DSAM Kauthar Natural Resources Fund, Ltd. 
  *  DSAM Kauthar Global Resources & Mining Fund, Ltd. 
  *  DSAM Kauthar Commodity Fund, Ltd. 
 
Previous Directorships 
Malcolm Wall Morris 
  *  Coffee Trade Federation, UK (2000/2001) 
 
 
 
Enquiries: 
Eric Meyer 
Chairman & Chief Executive Officer 
Shariah Capital, Inc. 
Telephone:   [phone] 
[e-mail] 
 
Martin Smith 
Investec Investment Banking 
Telephone[phone] 
[e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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