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NBK denies CEO resignation rumours

Kuwait, October 1, 2011

National Bank of Kuwait (NBK) on Saturday denied rumours that its group chief executive Ibrahim Dabdoub has resigned from the post.

In an official statement, NBK chairman Mohamed Al Bahar said neither Dabdoub nor any senior executive at the bank has resigned.

Dabdoub, he said, was representing the bank at the IIF and the Bretton Woods meetings in Washington DC.

Al Bahar stressed out the bank’s stability at the level of its board, executive management and all levels.

The chairman in the statement urged all media channels 'to ignore 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.'

'The NBK management is playing an important role in enhancing the bank's reputation and status locally, regionally and internationally,' said Al Bahar.-TradeArabia News Service




Tags: National Bank of Kuwait | resignation | rumours |

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