VOL. XXXII

NO. 28

17-APRIL-1989

Financial and Banking News

REGIONAL BANKING

Gulf Bank Appoints New Chairman, Reports Higher Profits

Gulf Bank of Kuwait has appointed a new chairman and managing director forits board of directors to replace Mr. Mustafa Sultan al-'Isa. He is one of theowners of the prominent local consulting engineering partnership KuwaitEngineers Office (KEO), Dr. 'Abd al-'Aziz Sultan al-'Isa. Gulf Bank has reporteda 9% increase in profits to KD7.7mn, and increased its total...