Sunday, Sep 14, 2008
DUBAI (Zawya Dow Jones)--Abu Dhabi Commercial Bank, or ADCB, said Sunday its chairman Saeed Al Hajeri has stepped down and has been replaced by Eissa Al Suwaidi.
Al Hajeri resigned after four years as chairman "to concentrate on the other directorships within his portfolio," the bank said in an e-mailed statement.
Mohammed Sultan Al Hameli was also elected as vice chairman to the board of ADCB.
ADCB is 64.8% owned by the Abu Dhabi Government through Abu Dhabi Investment Council.
Its shares are down 0.52% at AED3.85 Sunday on the Abu Dhabi Securities Market.
-By Mirna Sleiman, Dow Jones Newswires, 0097143644966, mirna.sleiman@dowjones.com
Copyright (c) 2008 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
14-09-08 0701GMT
