NBK Chairman denies Group Chief Executive Resignation

Press release

Published October 2nd, 2011 - 06:36 GMT

Mohamed Al Bahar, National Bank of Kuwait (NBK) Chairman

National Bank of Kuwait (NBK) Chairman Mohamed Al Bahar denied today in an official statement rumors of the resignation of NBK Group Chief Executive Ibrahim Dabdoub or any senior executive at the bank. Dabdoub was representing the bank at the IIF and the Bretton Woods meetings in Washington DC, Al Bahar stated.

Al Bahar stressed out the bank’s stability at the level of its board, executive management and all levels. NBK management is playing an important role in enhancing the bank's reputation and status locally, regionally and internationally, he added.

Chairman Al Bahar urges all media channels not to listen to any news or market rumors mentioning NBK unless it is quoting an official source in the bank to maintain Kuwait's financial and economic image and reputation.

Background Information

National Bank of Kuwait

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