NO. 31


Financial and Banking News

Regional Banking

GIB Elects New Chairman and Prepares to Restructure Capital Base

Mr. Ibrahim 'Abd al-Karim, the Bahraini Minister of Finance, was electedChairman of Gulf International Bank (GIB) at its general assembly on 25 April.He replaces Mr. Abdullah Saif, the Governor of the Bahrain Monetary Agency (BMA).Also elected to the board were Dr. Khalid al-Fayiz, the chief executive officerof Gulf Investment Corporation (GIC) and Mr. Hisham...