DUBAI: Ahli Bank in Qatar has named Mahmoud YehiaMalkawi as its acting chief executive officer, a company statement to the bourse said on Monday.
Malkawi's appointment is effective from Nov.11 and he replaces Moataz Al-Rafei. Malkawi is the bank's deputy chief executive for corporate banking, treasury and investment, the statement said.
Ahli Bank is a strategic partner of Bahrain-based Ahli United Bank, which owns 33.3 percent of the lender.
Qatar Investment Authority, the gas exporter's sovereign wealth fund, is the second-largest shareholder with a 16.7 percent stake.
In September, Ahli Bank announced a $123 million capital hike through a rights issue. (Reuters)
