| Mohamed Amiri, the acting chief executive of Ajman Bank, has quit the Islamic lender, three sources said on Monday. Mohammad Zaqout, previously executive vice president of personal banking at unlisted Al Hilal Bank, will be the new chief executive of Ajman Bank, an official at Al Hilal Bank said, confirming what one of the sources had said.
Press officials at Ajman Bank were not immediately available for comment. Ajman Bank shares fell 2.6 percent on the Dubai bourse by 0840 GMT. Its shares have risen 88 percent in the last one year on speculation that institutional investors were eyeing a stake in the bank...............................................Full Article: Source
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