The resignation of the head of the National Bank of Saudi Arabia after the Credit Suisse case

Ammar Al-Khudairi , head of the National Bank of Saudi Arabia , who was the majority shareholder in Credit Suisse before the bailout plan earlier this month, resigned, according to a statement published on the Saudi Stock Exchange on Monday.

The statement stated that the Board of Directors of the National Bank "agreed to accept the resignation of" Ammar Al-Khudairi "due to special circumstances."