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.
- Why Kuwait budget spending is up 8% year-on-year in April-Jan
- Twist of fate: Middle East fund managers shy away from Turkey, warm up to Egypt
- 'Let them eat cake'...or in the case of Egyptians, shall we say 'pasta'?
- In flux: What's up with Dubai's stock market?!
- GCC banks could face capital and liquidity shortfall
- Seven Saudi banks sign up with Amex to accept American Express
- The beginning of many more to come, nshallah: First female investment bank CEO named in Saudi Arabia
- Saudi Electricity Company gets $1.5 billion loan from local banks
- Commercial Bank of Dubai Head Office reduces energy expenditure by 15%
- Head of Egypt's largest bank resigns