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.
ABA extends condolences on death of Tirad al-Mahmood of ADIB
The Arab Bankers Association extends its condolences to the family and friends of Tirad al-Mahmood, who died in April after a long battle with illness. Mr. Mahmood had been Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB), which he joined in 2008. He had previously been head of Corporate and Investment Banking at Samba Financial Group in Riyadh, and before that he had enjoyed a long career with Citibank, including stints as their CEO for Romania and for Slovakia and as Regional Credit Director for North Africa.
Mr. Khamis Buharoon, ADIB's Vice Chairman, is now acting CEO. ADIB is present in London through ADIB (UK) Ltd, whose CEO is Bruno Martorano.
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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.