BMA deputy governor to step down

Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam will step down at the end of the year after more than 15 years with the central bank.

He told the Gulf Daily News yesterday that he is leaving to join the family business.

The 42-year-old was promoted to BMA deputy governor in July 2002 from his previous post as executive director of banking operations.

"It is a family thing that I wanted to do for some time," he told the GDN last night.

"That's really it. It has been a good working

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