Arab Bank Board Elects New Chairman

26 Aug, 2012

Arab Bank’s Board of Directors held a meeting today to elect a chairman to succeed Mr. Abdel Hamid Shoman. The Board of Directors unanimously elected Mr. Sabih Masri as Chairman of the Board and Mr. Samir Kawar as Deputy Chairman of the Board.

To allow more time for deliberations, the Board of Directors has also decided to postpone looking in to the subject of appointing new board members to fill the current two board membership vacancies. This subject will be discussed during the upcoming board meeting.

Mr. Abdel Hamid Shoman submitted his resignation from the Board of Directors on August 16, 2012.