Mashreqbank today announced that its Board of Directors has elected Abdul Aziz Al Ghurair as Chairman of the Board to succeed Abdullah bin Ahmed Al Ghurair, who has decided to retire from his post.

The Board of Directors decided to appoint Ahmed Mohamed Abdel Aal as Chief Executive Officer of the Bank, after serving as the Head of Corporate Finance and Investment Banking at Mashreq Bank. He holds a management degree from the London Business School, has over 25 years of banking experience, and has held leadership positions in several international banks in the region.