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Mashreq Bank appoints new Chairman

Mashreq Bank appoints new Chairman
The bank has appointed Ali Rashed Ahmad Lootah as Vice Chairman
Mashreq
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Dubai – Mubasher: The board of Mashreq Bank has elected Abdulaziz Abdullah Al Ghurair as the bank's Chairman.

The bank has also appointed Ali Rashed Ahmad Lootah as Vice Chairman, according to the bank's disclosure to the Dubai Financial Market (DFM) on Tuesday.

It is noteworthy to mention that in 2020, the bank has logged net losses of AED 1.278 billion, against net profits of AED 2.065 billion in the previous year.