Wednesday 28 December 2011

Bahraini lender adds Libya c.bank gov as chairman | Reuters

Arab Banking Corporation (ABC) has appointed the new governor of Libya's central bank as its chairman, the Bahrain-based lender said on Wednesday.

Saddek Omar Elkaber, who took the helm at the Libyan central in October, was previously deputy chief executive at ABC's British unit, ABC International Bank.

ABC is majority owned by the Central Bank of Libya, which holds a near-60 percent stake, and Kuwait Investment Authority. It also appointed Khaled Kagigi and Sami Rais as new directors.

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