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ADCB replaces chairman in shake-up

Abu Dhabi Commercial Bank (ADCB) said on Sunday Issa Al-Suweidi had replaced Saeed Al-Hajeri as its chairman in a major corporate shake-up.

The bank, which is 64.8 percent owned by the Abu Dhabi government, said in a statement on the Abu Dhabi bourse website that four other board members had also been replaced.
It gave no reason for the changes.

No one from ADCB was immediately available for comment when contacted by Arabian Businesss.

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