Saudi SNB Names New CEO One Year After Credit Suisse Fallout

Saudi National Bank named Tareq Abdulrahman Al Sadhan as chief executive officer, its first official appointment to the post since the exit of the lender’s chairman prompted a change in upper management a year ago.

The bank, Saudi Arabia’s second largest lender by market cap, had been operating with an acting CEO at the helm ever since Ammar Al Khudairy resigned as chairman last March.

Al Khudairy exited his positionjust days after comments he made about Credit Suisse AG helped trigger a slump in the stock and bonds that prompted the Swiss government to step in and arrange a ...