VOL. XLI

No. 03

19-January-1998

SAUDI ARABIA

Al-Haj Steps Down From Arab National

The long-serving managing-director of Arab National Bank, Mr. Elie al-Haj, announcedhis retirement from the bank at the end of December. Rumors surrounding the circumstancesof his resignation suggest that he did so because of differences with the board overremuneration, but Arab National's chairman, Mr. Abd al-Aziz al-Saghir, told Asharqal-Awsat that the exact circumstances will remain a matter for the board and...