Dubai - Mubasher: Khaleeji Commercial Bank (KHCB) has announced that its vice chairman Abdulkarim Ahmed Bucheery resigned on Monday.

The bank’s board has appointed Ahmed Bin Isa Al Khalifa as the new vice chairman, according to a bourse statement on Wednesday.

KHCB, which is listed in Bahrain and Dubai, last posted a 41.4% year-on-year decline in net profit for the first quarter of 2018, recording BHD 819,930 ($2.16 million).