MADRID, 27 Mar. (EUROPA PRESS) –
The Saudi National Bank (SNB), the main shareholder of Credit Suisse Group until the purchase of the Swiss entity by UBS agreed last week, has accepted the resignation “for personal reasons” of Ammar Abdul Wahed Al Khudairy, chairman of the entity’s board. Arab and whose comments about the Swiss bank were considered the trigger for the crisis that led to the sale of the entity to its rival.
Also, in a statement sent by the SNB to the Riyadh Stock Exchange, the bank’s until now CEO, Saeed Mohammed Al Ghamdi, will become as of today the entity’s new chairman of the board, while Talal Ahmed Al Khereiji will occupy interim CEO position.
In an interview with Bloomberg TV on March 15, Al Khudairy ruled out that the Arab bank could increase its investment in Credit Suisse, which fueled nervousness in the market regarding the position of the Swiss entity and accelerated the collapse of the shares. from the bank.
A day later, in statements to CNBC, the Arab banker tried to calm investors by defending that his words only repeated the same message that the SNB has been transmitting since last October and that they were used as “excuses” for trigger a “panic” that, in his opinion, was “completely unjustified”.
SNB, 37% controlled by the Saudi Arabian sovereign wealth fund, acquired a 9.88% stake in Credit Suisse for 1.4 billion Swiss francs (1.415 million euros) last fall as part of the capital increase launched by the Swiss entity and whose value has been reduced substantially after the collapse of the bank’s share price.
