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La Saudi National Bank (SNB) communicated that the president Ammar Abdul Wahed Al Khudairi resigned "for personal reasons" and will be replaced by Saeed Mohammed Al-Ghamdiwho until now held the position of managing director.Meanwhile, we reconfirm that Al Khudairy has been at the center of the collapse of Credit Suisse, as his words triggered the…
Al-Khudairy’s resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
The chair of Saudi National Bank has resigned with immediate effect.
The boss of the Saudi National Bank abruptly resigned from his post Monday, just days after his critical comments about Credit Suisse contributed to the troubled lender’s near-collapse.