Kuwait Finance and Investment Company on Monday said its chief executive, Sana Alladin Goma, has resigned.

The statement to the Dubai Financial Market did not give the reason why Goma quit, but it said the resignation, effective June 13, was accepted.

KFIC announced June 7 it signed an agreement to restructure KD145 million ($496.2 million) in debts with local and international lenders.

Kuwaiti investment houses were hard hit by the financial crisis which prompted the government of the world's fourth-largest oil exporter to approve a rescue package worth KD1.5 billion last year. – Reuters