Qatar First Bank (QFB) has replaced the CEO

QFB appoints Khaled Abdullah al-Khoori as acting CEO. Qatar First Bank (QFB) has appointed Khaled Abdullah al-Khoori, as the new acting chief executive, pending regulatory approvals. The board has also approved the resignation of chief executive Ziad Makkawi.

Prior to this, al-Khoori – who graduated Summa Cum Laude from Boston University, US, where he earned his Bachelor of Science in Business Administration – was the chief executive of Al Hilal Bank, one of the fast growing Islamic lenders in the UAE.
Prior to joining Al Hilal Bank, he played numerous key roles at the Abu Dhabi Investment Authority as he was the director of Real Estate and Infrastructure Department, managing the firm’s strategic global relationships and investment.
“Together, we will continue to build on our successes in the PE area and broaden the services we offer to our clients and shareholders. We are excited about having al-Khoori as an acting chief executive, especially after knowing him as one of the bank’s board members,” according to Abdulla bin Fahad bin Ghorab al-Marri, QFB chairman.
Under Makkawi’s leadership as the bank’s chief executive since June 2015, QFB witnessed strategic achievements marked by the launch of the new strategy that streamlined the business to offer Shariah compliant services.