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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+10.30% | 57.36B | |
+9.50% | 51.06B | |
+14.53% | 48.98B | |
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-17.73% | 34.38B | |
-96.60% | 32.25B |
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