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Saudi National Bank chair resigns
March 27th, 2023 - 10:23 GMT

Saudi National Bank chair resigns after Credit Suisse saga

ALBAWABA — The chairman of Saudi National Bank resigned on Monday, weeks after his comments facilitated and worsened the collapse of troubled bank Credit Suisse. Ammar Al-Khudairy stepped down "due to personal reasons", the bank's board of directors said in a statement published on Tadawul, the Saudi Stock Exchange. On March 15, Al-Khudairy's comments fueled investor panic, sinking Credit Suisse shares 24 percent during that session, despite just echoing SNB’s ...
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