Wednesday , September 26 2018

Banque Saudi Fransi’s top official resigns

Banque copy


The head of Banque Saudi Fransi’s corporate bank is leaving the bank, sources familiar with the matter said.
Mohamad Abdulhadi, senior executive director at the Saudi lender partly owned by Credit Agricole, left this week, sources said. One of the sources familiar with the move said Abdulhadi was in his 60s and had retired. There was no official announcement on his replacement yet.
Credit Agricole last month announced that it will sell about half of its 31.1 percent stake in the Saudi lender to to billionaire Prince Alwaleed Bin Talal’s Kingdom Holding for 5.76 billion riyals.

About Admin

Check Also

Indian shadow lender seeks insolvency cover

Bloomberg India’s Infrastructure Leasing & Financial Services Ltd. has sought to shield itself from being ...

Leave a Reply

Your email address will not be published. Required fields are marked *