AUSTIN, Texas--(BUSINESS WIRE)--Oct. 11, 2012--
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with
activities in Albania and the United Arab Emirates, is pleased to
announce the appointment of Jaloul Ayed to its Advisory Board.
Mr. Jaloul Ayed was appointed Minister of Finance of Tunisia in January
2011 and served in the two interim governments that were formed
following the Tunisian revolution. Prior to this appointment, Mr. Ayed
was Board Member and General Manager of BMCE Group, Vice Chairman of its
Senior Credit Committee, Chairman of BMCE Capital, and Vice Chairman of
and CEO of BMCE Bank International, a UK-based wholly owned subsidiary
In 1998 Mr. Ayed joined the Moroccan BMCE Group to set up BMCE Capital,
its investment banking arm. BMCE Capital became one of the leading
investment banks in Morocco and in the region. He also initiated the
activities of BMCE Capital in Central and West Africa through the
creation of a subsidiary of BMCE Capital in Senegal and Cameroon. In
2006, BMCE Capital launched its subsidiary AXIS Capital in Tunis. Mr.
Ayed also supervised the creation by BMCE Bank of MediCapital Bank, an
FSA authorized wholesale bank in London.
Mr. Ayed chaired the Management Committee of BMCE Group as well as the
boards of several fully owned subsidiaries of BMCE Bank Group and
FinanceCom. He also founded Argan Invest, the largest private equity
platform in Morocco. Mr. Jaloul Ayed held several other senior positions
in the FinanceCom Group including, but not limited to Vice-Chairman of
the supervisory Board of RMA Watanya, the largest insurance company in
Morocco, Director of Bank of Africa and Chairman of the Board of Axis
Capital, Tunis. He was also a Director at Proparco, the French
development agency, and Vice Chairman and co-founder of Euromed Capital
Prior to BMCE, Mr. Ayed joined Citibank in 1980 where he spent 18 years.
During his career with Citibank, he held various country management
positions in the emerging countries of North Africa and the Middle East,
and as Senior Banker with the Capital Markets Group at Citicorp
International plc in London (1996-1998). During his various assignments
at Citibank, Mr. Ayed formulated and implemented business strategies in
the countries under his supervision, and made significant contributions
to developing Citibank franchises in the MENA region. Mr. Ayed holds a
BA in Economics from the Faculty of Law and Economic Sciences of Tunis
(1977), and obtained a Masters’ degree in Economics at the University of
Maryland in 1979 where he was elected member of the Phi kappa Phi Honor
Society. He is a renowned composer of classical music.
"We are very pleased to have Jaloul join Sky Petroleum’s Advisory
Board,” said Karim Jobanputra, Sky Petroleum’s chairman. “He is a
financial global leader, and his knowledge and skill will be invaluable
to Sky Petroleum.”
About Sky Petroleum
Sky Petroleum (OTCBB: SKPI) is an oil and gas exploration company. Sky
Petroleum's primary focus is to seek opportunities where discoveries can
be appraised rapidly, and developments can be advanced either by
accessing existing infrastructure, or by applying the extensive
experience of established joint-venture partners. In addition, the
company also plans some higher risk, higher reward exploration
prospects. For additional information please visit www.skypetroleum.com.
Except for historical information, the matters set forth herein, which
are forward-looking statements, involve certain risks and uncertainties
that could cause actual results to differ. Potential risks and
uncertainties include, but are not limited to, the competitive
environment within the oil and gas industry, the extent and cost
effectiveness with which Sky Petroleum is able to implement exploration
and development programs in the oil and gas industry, obtaining drilling
equipment on a timely fashion, commodity price risk, and the market
acceptance and successful technical and economic implementation of Sky
Petroleum's intended plan. Additional discussion of these and other risk
factors affecting the company's business and prospects is contained in
the company's periodic filings with the SEC.
Source: Sky Petroleum, Inc.
Sky Petroleum, Inc.
Investor and Public Relations, 512-687-3427