CB announces Executive Leadership Changes

For immediate release

Commercial Bank announces Executive Leadership Changes

Doha, Qatar: The Board of Directors of The Commercial Bank (Q.S.C.) ("Commercial Bank" or "the Bank"), a leading regional banking group based in Qatar, today announced the appointment of Joseph Abraham as the new Chief Executive Officer.

Mr. Abraham is a seasoned banking professional with experience in both developed and emerging markets. Before joining Commercial Bank, he was CEO of Australia and New Zealand (ANZ) Banking Group Indonesia based in Jakarta, a position he served since 2008. Mr. Abraham graduated with an MBA from Stanford Business School and has worked in Indonesia, Singapore, Hong Kong, Ghana, UK and India in various country and regional banking roles with a successful track record covering general management, corporate banking, strategy, product management as well as acquisitions and integrations.

Mr. Joseph Abraham succeeds Mr. Abdulla Saleh Al Raisi, who has been promoted to Advisor to the Board of Directors.

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