Europe’s largest lender is looking to boost growth in the Middle East, North Africa and Turkey (Menat) region as economies recover from the coronavirus pandemic. Mr Sharaf was also a board member of HSBC Middle East from 2010 to 2019 and has held board roles with HSBC Saudi Arabia and Etisalat. He succeeds Samir Assaf, who will remain a non-executive director of the board as well as the non-executive chairman of the board of HSBC Middle East Holdings, the holding company of HSBC Middle East, the statement added. Abdulfattah Sharaf has been appointed as the chairman of HSBC Bank Middle EastMr Al Marzooqi, who joined HSBC in 2002, has worked in retail, commercial, corporate and investment banking. In Saudi Arabia, HSBC has a 31 per cent stake in Saudi Awwal Bank and a 51 per cent stake in HSBC Saudi Arabia for investment banking in the kingdom.

Source: The North Africa Journal April 27, 2023 12:37 UTC