Sunday, Nov 22, 2009

DUBAI (Zawya Dow Jones)--U.A.E.-based Emirates NBD, the Middle East region's largest lender by assets, said Sunday it has appointed Khalid Juma Al Majid as a board member to replace Omar Al Futtaim.

Al Futtaim "shall be considered as resigned for absenting himself from attending three consecutive board meetings without an excuse acceptable to the board," the bank said in a statement on the Dubai Financial Market website.

Emirates NBD said Khalid Juma Al Majid has been appointed director with immediate effect.

-By Mirna Sleiman, Dow Jones Newswires, +9714 364 4966, mirna.sleiman@dowjones.com

Copyright (c) 2009 Dow Jones & Co.

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22-11-09 1130GMT