Financial and Banking News

REGIONAL BANKING

Alahli Names New Directors 

The new board of directors of Kuwait's Alahli Bank was elected last week after the resignation of Mr. Husain Maki al-Juma', its former managing director, who is facing legal proceedings in London in connection with a major loan default. Two new members have been elected to the board: Mr. 'Abd al-Salam 'Abd Allah al-'Awadi as deputy chairman and managing director, and Mr. Habib Hasan Johar...