Qatar's QIB appoints new chief executive

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Qatar Islamic Bank (QIB), the Gulf Arab state's second-largest lender by market value, said on Satuday it has appointed Bassel Gamal as its chief executive officer.

"He will be responsible for all the companies and institutions affiliated to QIB inside Qatar and abroad," the bank said in a statement.

Gamal, who will assume his duties in February 2013, was senior deputy group CEO in Bahrain's Ahli United Bank Group in charge of corporate banking, financial institutions and treasury and investment among others.

QIB's net profit in the fourth-quarter to Dec. 31, 2012, more than halved due to provisions to QR110m ($30.2m), compared with the same period in 2011, according to Reuters data, missing an average forecast of QR328.58m.

Related:
Companies

Market Performance

Qatar Islamic Bank
112.3
-0.5 -0.44 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Saudi central bank fights to curb money rate rise

Saudi central bank fights to curb money rate rise

Commercial bankers say more radical steps may be needed to fight...

Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking