The Head of The National Bank of Saudi Arabia Resigned After the “Credit Suisse” Case
Ammar Al-Khudairi, head of the National Bank of Saudi Arabia, who was the majority shareholder in Credit Suisse before its bailout earlier this month, has resigned, according to a statement published on the Saudi Stock Exchange on Monday.
The statement stated that the Board of Directors of the National Bank “agreed to accept the resignation of” Ammar Al-Khudairi “due to special circumstances.”
Saeed bin Mohammed Al-Ghamdi will succeed Al-Khudairi in his position, while Talal Ahmed Al-Khereiji was appointed as CEO of the bank.
And the shares of “Credit Suisse” collapsed on March 15, 2023, after Al-Khudairi confirmed that the Saudi Bank would not increase its shareholding in it.
The next day, the shares of the Swiss bank improved in the financial markets, after it received $ 54 billion from the Swiss Central Bank in an attempt to reassure investors.
On March 19, Swiss bank UBS acquired Credit Suisse at a low price.
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The Head of the National Bank of Saudi Arabia Resigned After the "Credit Suisse" Case - /10
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Ammar Al-Khudairi, head of the National Bank of Saudi Arabia, who was the majority shareholder in Credit Suisse before its bailout earlier this month, has resigned, according to a statement published on the Saudi Stock Exchange on Monday.
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