The board of Arab Bank plc has elected Sabih Al Masri to take over at the helm of the bank after the resignation of Abdel Hamid Shoman in a dispute over the chairman's power in August 2012. Shoman resigned on August 16, 2012 after the board and key shareholders failed to back him in a power struggle with Chief Executive Nemah Al Sabbagh, in which Shoman was accused of meddling in the day-to-day running of the bank. Masri pledged to help Arab Bank, which has a $45.6 billion balance sheet spread across 30 countries and five continents, maintain the steady growth it has shown in recent years.
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+9.97% | 201B | |
-0.80% | 70.98B | |
+12.58% | 57.7B | |
+8.14% | 50.25B | |
+13.91% | 47.86B | |
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-17.12% | 34.68B | |
-96.60% | 32.24B |
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