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Dubai's Mashreq says Majed Saif al-Ghurair resigns from board
November 14, 2012 / 9:38 AM / 5 years ago

Dubai's Mashreq says Majed Saif al-Ghurair resigns from board

DUBAI, Nov 14 (Reuters) - Dubai’s Mashreq, the second-largest lender in the emirate by market value, said board member Majed Saif al-Ghurair has resigned with immediate effect, according to a bourse filing on Wednesday.

No reason for the resignation was given.

Ghurair, who is also a board member of the Dubai Financial Support Fund, belongs to one of Dubai’s oldest and most prominent merchant families and is the cousin of Mashreq Chief Executive Abdul Aziz al-Ghurair. (Reporting by David French; Editing by Amran Abocar)

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