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When Nemeh Sabbagh joined as Arab Bank’s CEO from Lebanon’s BankMed in 2010, early progress was not always smooth. Appointed as a long-term successor to group chairman (and at the time CEO) Abdel Hamid Shoman, the two did not always see eye to eye on Sabbagh’s methods. Shoman, the founder’s grandson, resigned as chairman with three other members of his family in August 2012, citing concerns about Sabbagh’s approach.
But two years on, it is clear that Sabbagh’s methods have borne fruit.
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