Financial and Banking News


TAIC Has New Chairman 

Mr. Khalid al-Qusaibi of Saudi Arabia has been elected Chairman of The Arab Investment Company (TAIC), the pan-Arab Riyadh-based investment company with an authorized capital of $300mn. He succeeds Dr. 'Abd al-'Aziz al-Dukhail, whose term of office has expired. Mr. Qusaibi is a former Vice Governor of the Saudi Arabian Monetary Agency (SAMA) and has also served on the boards of Riyadh Bank and al-Bank al-Saudi...