Mashreq Bank appoints new Chairman

The bank has appointed Ali Rashed Ahmad Lootah as Vice Chairman

  
People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. Image used for illustrative purpose

People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. Image used for illustrative purpose

REUTERS/Nawied Jabarkhyl
Dubai –  The board of Mashreq Bank has elected Abdulaziz Abdullah Al Ghurair as the bank's Chairman.

The bank has also appointed Ali Rashed Ahmad Lootah as Vice Chairman, according to the bank's disclosure to the Dubai Financial Market (DFM) on Tuesday.

It is noteworthy to mention that in 2020, the bank has logged net losses of AED 1.278 billion, against net profits of AED 2.065 billion in the previous year.

Source: Mubasher

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