Saudi National Bank chair resigns after Credit Suisse buyout

The Saudi bank's board of directors"accepted the resignation" of Ammar AlKhudairy"due to personal reasons", said the statement published on the Saudi stock exchange.from 9.8 per cent due to regulatory constraints.a US$54 billion central bank lifelineBut fears about the health of the broader financial sector led to its takeover by domestic rival UBS on Mar 19.

"If you look at how the entire banking sector has dropped, unfortunately, a lot of people were just looking for excuses," he told CNBC television.

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