Saudi’s National Commercial Bank CEO resigns
The chief executive of Saudi Arabia’s National Commercial Bank, one of the Arab world’s largest lenders by assets, has resigned amid a management shake-up aimed at improving the company’s performance.
Abdul Kareem Abu Al Nasr, who became NCB’s chief executive in 2006, has stepped down under pressure from the board who believe the bank is underperforming. Other people to have left the bank include the head of services, the head of audit and the head of human resources, the same person added.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- Top cats: Meet the GCC's best performing CEOs
- The beginning of many more to come, nshallah: First female investment bank CEO named in Saudi Arabia
- Head of Egypt's largest bank resigns
- Will NBK's new CEO be able to rise to the new challenges facing the GCC's banking giant?
- Foreign assets of Saudi commercial banks up