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Europe Arab Bank CEO resigns

Ziyad Akrouk resigned as CEO and a director at London-based Europe Arab Bank Plc on April 5.

The lender named Mohammad Shoaib Memon interim CEO and executive director, according to a May 10 disclosure by Ogier Corporate Finance Ltd., which sponsors $125 million in subordinated floating-rate notes issued by Europe Arab Bank on the International Stock Exchange.

Europe Arab Bank is a wholly owned unit of Jordan-based Arab Bank Plc.