Ammar Al Khudairy’s resignation comes days after he said in an interview that Saudi National Bank is “absolutely not” open to further investments in Credit Suisse, when asked if they are open for additional liquidity.
Credit Suisse s shares plummeted on March 15 after AlKhudairy said the Saudi bank would not raise its stake from 9.8 percent due to regulatory constraints
Major Gulf markets opened mixed on Monday, mirroring gains in oil prices as investors pin their hopes on modest interest rate hikes amid governments' efforts to soothe fears over the global banking system.
Al-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.