We have been following developments with the Aramco IPO, the pre-budget statement and new appointments at Al-Rajhi and SAMA. Click below for more details on these stories.
Gatehouse and QNB make changes to London management
Henry Thompson has left Gatehouse Bank, 18 months after he was appointed as CEO. Subject to regulatory approval, the bank's Chief Investment Officer, Abdul-Aziz al-Duweesh, will take over as CEO. In a statement, the bank said that Henry Thompson will remain at the bank for a period of time to ensure a smooth hand-over.
Gatehouse Bank is a Shari'ah-compliant bank headquartered and regulated in the United Kingdom. The bank is primarily involved in real estate investment and development. On 9 December it announced plans to invest a further £100 million in private rented housing across the country.
Simon Walker is to leave Qatar National Bank where he has held the position of Regional Manager for Europe. The bank has not yet announced a replacement. Paul Mason remains the bank's General Manager in the United Kingdom.
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We are delighted to welcome Spector Constant & Williams (SCW) as one of our newsest corporate members. SCW is a newly-established London-based law firm whose staff have decades of experience. The photo is of George Constant, who will be the firm's main contact with the ABA
We honoured Isam al-Sager, Group CEO of National Bank of Kuwait, with our Award for Distinguished Service to Arab Banking, at our Gala Dinner in London on 23 October.
The KFH/Ahli United merger is moving forward; Fitch downgraded Saudi Arabia; Lebanese central bank Governor Riad Salame sought to reassure depositors that they would be able to withdraw dollars from banks, and the UAE dropped its ban on citizens travelling to Lebanon.
We are welcoming ODDO BHF, the German investment bank and asset manager; TLT Sollicitors, and Spector Constant and Williams sollicitors.