Business | Banking
National Bank of Abu Dhabi's chairman resigns
National Bank of Abu Dhabi PJSC, the United Arab Emirates' second-biggest bank by assets on Tuesday announced that its chairman Khalifa Al Kendi had resigned.
- Bloomberg
- Published: 13:39 January 6, 2009
Dubai: National Bank of Abu Dhabi PJSC, the United Arab Emirates' second-biggest bank by assets on Tuesday announced that its chairman Khalifa Al Kendi had resigned.
According to a statement posted on the Abu Dhabi bourse website, Kendi tendered his resignation on Monday without giving any reason for his departure.
The bank appointed Nasser Ahmad Khalifa Al Suwaidi as its chairman after Khalifa Mohammad Al Kindi resigned.
The appointment was effective from January 5, the bank said in a statement on the Abu Dhabi bourse on Tuesday.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
