Arab National Bank’s (ANB) board of directors approved, on Aug. 24, the appointment of Nemeh Elias Sabbagh as board member (non-executive), according to a bourse filing.

 

Sabbagh is representative of Arab Bank for the vacant position on the ANB board, to continue the term that will end on March 31, 2023.

 

Saudi Central Bank’s no objection on the appointment was received on Aug. 19, the statement said.

 

Sabbagh is Chief Executive Officer (CEO) of Arab Bank, Jordan. He also held the position of Managing Director and CEO of ANB from 1998 to 2005.

 

He also served earlier as Executive General Manager of BankMed, Lebanon, and Group General Manager at National Bank of Kuwait.

 

Sabbagh holds a Master’s degree in international economics and financial sciences.

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