Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off..
Saudi National Bank Chairman Ammar al-Khudairy has resigned his post.
He will be replaced by SNB Managing Director and group CEO Mohammed al-Ghamdi.
Al-Khudairy’s resignation comes within days of his mid-March comments that SNB was unlikely to increase its stake in Credit Suisse, at a time when the European lender battled a crisis of investor confidence that plunged its shares.
https://www.cnbc.com/2023/03/27/saudi-national-bank-chair-resigns-just-days-after-credit-suisse-comments-sparked-sell-off.html