VOL. XXX

NO. 3

27-October-1986

Financial and Banking News

REGIONAL BANKING

Ibrahim Resigns AAIB Chairmanship

The controversial Kuwaiti financier Mr. Ibrahim al-Ibrahim last week resignedas Chairman of the Cairo-based Arab African International Bank (AAIB), Mr.Ibrahim also resigned as the Kuwaiti government's representative on the AAIBboard, and was replaced by Mr. 'Ali Rashid al-Badr, the managing director ofKuwait Real Estate Bank (KREB), who will represent the Kuwaiti government's42.8% equity...