Saudi Arabia's National Commercial Bank changes CEO | Reuters:
"National Commercial Bank , Saudi Arabia’s largest bank by assets, said on Wednesday that chief executive Saeed al-Ghamdi had resigned, with sources familiar with the matter telling Reuters that he is set to be appointed chairman. In his place, Faisal Omar al-Sakkaf, NCB’s former head of strategy and business development, has been appointed as acting chief executive, the bank said in a statement. Al-Sakkaf is expected to become chief executive permanently once formal procedures are completed, the same sources said, with one adding that the shake-up was a normal “changing of the guard” at the bank."
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