Saudi National Bank appoints Al Ghamdi as chairman

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Saudi National Bank appoints Al Ghamdi as chairman
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Saudi National Bank Chief Executive Saeed Mohammed Al Ghamdi has been appointed as the bank's chairman after the resignation of Abdul Wahed Al Khudairy for personal reasons, it said on Monday.

The bank's board also appointed Talal Ahmed Al Khereiji as acting CEO, with all changes effective March 27.

The changes come nearly two weeks after Al Khudairy told Reuters the kingdom's biggest bank by assets would not buy more shares in Credit SuisseSaudi National Bank, which acquired almost 9.9% of Credit Suisse for 5.

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