International Hotel Investments plc announced that Mr. Khaled Algonsel and Mr. Joseph Pisani have been appointed as non-executive Directors with effect from December 22, 2014. Algonsel joined Libyan Foreign Investment Company (LAFICO) in 1993. He was Manager of the Treasury and Financial Planning Department and was appointed Managing Director in 2012.

He is Chairman of Libya Investment Company, Egypt since 2013 and Vice Chairman of Arab Petroleum Investments Corporation, Saudi Arabia since 2012. Pisani is a founder director and member of the main board of Corinthia Palace Hotel Company Limited (CPHCL) as from 1962, and has served on a number of boards of subsidiary companies. Since 2000 he has served as Chairman of the Monitoring Committee of CPHCL and IHI.