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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4.3 JOD | 0.00% | +0.23% | -5.70% |
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1st Jan change | Capi. | |
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+25.58% | 206B | |
+1.06% | 73.14B | |
+9.26% | 55.71B | |
+21.69% | 51.24B | |
+4.94% | 49.17B | |
+35.60% | 46.15B | |
+7.42% | 36.79B | |
-16.64% | 35.32B | |
-96.60% | 32.25B |
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