VOL. XXXVII

NO. 50

12-SEPTEMBER-1994

Financial and Banking News

Regional Banking

New Chief Executive 'Abd al-Latif Expected To Consolidate At ABC

The appointment of Mr. 'Ahmad 'Abd al-Latif as Chief Executive of ArabBanking Corporation (ABC) is expected to lead to a period of consolidation forthe bank and a greater focus on Gulf and Middle Eastern operations. The appointment of Mr. 'Abd al-Latif to succeed Mr. Abdulla Saudi, who resigned in March asa result of pressure from the US Treasury's...