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Khaleeji Commercial Bank chairman resigns

The board of Bahrain-based Khaleeji Commercial Bank BSC accepted the resignation of Ahmed Khalil al-Mutawa as chairman.

Luay Ahmadi also stepped down as a board member, the bank said. Al-Mutawa and Ahmadi were appointed to Khaleeji Commercial Bank's board as representatives of majority shareholder GFH Financial Group BSC.

Al-Mutawa also recently resigned as vice chairman of GFH.