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Abdel Hamid Shoman: recommended Nemeh Sabbagh to the board |
Arab Bank has appointed Nemeh Sabbagh as its chief executive in a move that places him as the frontrunner to replace group chairman Abdel Hamid Shoman. Sabbagh will run the Jordanian financial institution’s day-to-day operations, allowing Shoman to concentrate solely on acting as chairman. He at present holds the dual role of chief executive and chairman of the bank.
Sabbagh, who will take up his new position on January 17, arrives from Lebanon’s BankMed where he was executive general manager.
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