Abu Dhabi Islamic Bank (ADIB) has hired former Crédit Agricole and Citi executive Mazin Manna as CEO, pending regulatory approval.
Kuwait Clearing Company, the central clearing, settlement and depository entity for Boursa Kuwait, has promoted Khaldoun Al-Tabtabaie to CEO.
Kuwait International Bank (KIB) recently appointed Raed Bukhamseen as CEO, in addition to his role as Vice Chairman of the bank.
Dubai Financial Services Authority (DFSA) has appointed Bryan Stirewalt as its new Chief Executive Officer, effective October 1, 2018.
Oman Arab Bank (OAB) has announced the appointment of Rashad Al Musafir as its Chief Executive Officer, effective September 2, 2018.
Barwa Bank and International Bank of Qatar have agreed to merge their operations, creating a new entity with total assets of QAR 80 billion.
Al Hilal Bank has appointed David Whitcroft as Senior Managing Director – Treasury Banking Group, Farooq Abdulrahman Al Marzooqi as Senior Managing Director, Head Wholesale Banking Division and Ian Hodges as its new Senior Managing Director – Personal Banking Division.
Oman Ahli Bank has appointed Said Al Hatmi to the position of chief executive following the resignation of Lloyd Maddock, who has held the post since February 2014.
KAMCO Investment Company signed a Sale and Purchase Agreement with NCH Ventures, a Bahrain domiciled entity representing the interests of more than 50 financial institutions to acquire a 69.53% stake in Global Investment House.