Abu Dhabi – Mubasher: Bank of Sharjah, listed on the Abu Dhabi Securities Exchange (ADX), announced that its board of director has elected Mohammed bin Saud Al Qasimi as chairman of the board.

The board has also elected Seif bin Butti Al Hamed as the company’s vice chairman, the bank said in a statement to the ADX on Thursday.

Moreover, the board has appointed Salah Ahmed Al Noman as board member, subject to regulatory approval, the ADX-listed lender added.

This came on the sidelines of the bank’s board meeting held on Thursday, 15 July.

Bank of Sharjah previously reported a net profit of AED 52 million for the first quarter of 2019, down 38% from AED 84 million in Q1-8.