Speaking in an interview with Bloomberg TV earlier this month, Al Khudairy said “absolutely not” when asked if Saudi National Bank would be open to further investments in Credit Suisse if there was another call for additional liquidity.
Ammar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped spark a slump in the Swiss lender’s shares.
Al Khudairy, who became chairman of Saudi National Bank in 2021 when it was created via a merger of National Commercial Bank and Samba Financial Group, is leaving “due to personal reasons” and will be replaced by Chief Executive Officer Saeed Mohammed Al Ghamdi, according to a statement on Monday.
