Tuesday, Oct 23, 2012
BEIRUT (Zawya Dow Jones)--Kuwait Finance House (KFIN.KW), the Gulf state's largest Islamic bank, said its board has elected Mohammed Al Khudairi as new chairman.
Mr. Khudairi, who is a member of KFH's board since 1981, will replace Sameer Al Nafeesi who has resigned to pursue other activities, the bank said in a statement late Monday.
Reserve member Hamad Al Omairi has also been summoned to take charge of Mr. Nafeesi's vacant position as board member, according to the statement.
Write to Shikrallah Nakhoul at shikrallah@zawya.com
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(END) Dow Jones Newswires
23-10-12 0545GMT
