ABC ANNOUNCES RESTRUCTURING.

 
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The Arab Banking Corporation has approved details of a restructuring plan, designed to enhance the Bank's global operations.

Implementation of the plan will involve the reorganisation of ABC Group's banking functions. This will create a streamlined and more cost efficient structure, divided between the core banking business unit and the Group's international investments in financial institutions, aimed at diversifying risk and enhancing shareholder value.

The core banking unit will focus on both banking within the Arab world and in related international business. Separate operating divisions representing ABC's Arab world and international interests, will be formed within the core banking unit.

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