Published: January 5, 2010
Bahrain’s Arab Banking Corporation has appointed Dr. Khaled Kawan, a 19-year veteran of the group, as its new deputy chief executive.
Kawan, a Libyan national, is a lawyer by profession with a Ph.D. in banking laws from the University of Paris.
During his time with Arab Banking Corp, he has helped the group to consolidate its corporate governance framework in his roles as general counsel and corporate secretary.
In December, Arab Banking Corp announced plans to increase its paid-up capital by US$1.11bn to US$3.11bn through a rights issue to existing shareholders. The bank’s main shareholders are the Kuwait Investment Authority (which holds a 29.7% stake), the Central Bank of Libya (29.5%) and the Abu Dhabi Investment Authority (27.6%).