KUALA LUMPUR (Aug 10): Malaysia Airports Holdings Bhd (MAHB) announced today that Faizal Sham Abu Mansor will step down from his post as chief financial officer (CFO) of the group on Aug 17.

In a filing with Bursa Malaysia today, MAHB said Faizal has communicated his intention to resign from his post to pursue a new opportunity.

"The board, upon deliberation, has agreed to accept his resignation and wishes him the best for his future undertaking," the filing read.

"The managing director of MAHB [Datuk Badlisham Ghazali] expressed his gratitude to the CFO for his past contribution in transforming the finance division and for his instrumental contribution towards the growth of the company," the filing added.

According to the airport operator, Faizal is a chartered accountant and is a fellow member of the Institute of Chartered Accountants in Australia since 2003.

He has extensive experience in treasury, corporate finance and investment banking initially with the Bank of Tokyo-Mitsubishi and subsequently with the AmInvestment Group.

He has also worked in Australia as a corporate accountant in a manufacturing company and was involved in its corporate restructuring and process improvements.

Prior to joining MAHB, he was the CFO of a public-listed construction and waste water management company.

According to MAHB, Faizal also sits on the board of Istanbul Sabiha Gokcen International Airport Investment Development and Operations Inc in Turkey, where he was involved in the acquisition and subsequently the funding for the airport's expansion.

He also sits on the board of MAHB's wholly-owned subsidiaries namely Malaysia Airports Capital Bhd, Malaysia Airports Cities Sdn Bhd, Malaysia Airports (Mauritius) Pte Ltd and Malaysia Airports Capital (Labuan) Ltd.

Shares in MAHB (fundamental: 0.8; valuation: 2) closed two sen or 0.39% lower at RM5.09, for a market capitalisation of RM8.48 billion.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)