Dubai's Mashreq, the second-largest lender in the emirate by market value, said board member
Majed Saif al-Ghurair has resigned with immediate effect, according to a bourse filing on Wednesday.
No reason for the resignation was given.
Ghurair, who is also a board member of the Dubai Financial Support Fund, belongs to one of Dubai's oldest and most prominent merchant families and is the cousin of Mashreq Chief Executive Abdul Aziz al-Ghurair.
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