Four New Directors Elected to ABA Board

Four new directors have joined the ABA's Board following the Annual General Meeting of 11 September: Tarek Amer (National Bank of Egypt International), Fuad Khadder (HSBC), Charbel Khazen (GIB), and Bert de Ruiter (QIB UK).  

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Four GCC Banks Named Among World's 50 Safest

Four GCC banks have been included in Global Finance Magazine's ranking of the World's 50 Safest Banks: National Bank of Abu Dhabi, National Bank of Kuwait, Qatar National Bank and Samba Financial Group

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Saudi CMA issues draft foreign investment regulation

The Saudi Capital Market Authority has issued draft regulations for the registration of foreign financial institutions wishing to invest on the Saudi stock market. Interested parties have until 20 November to submit comments on the draft. The CMA expects that the Tadawul will be open for qualified foreign investors to invest in listed shares during the first half of 2015.

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