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Bassam Al-Ghanim resigns from Gulf Bank.

Bassam Al-Ghanim

According to Alhamour.com; Bassam Al-Ghanim has submitted his official resignation as the Chairman of the Gulf Bank. Gulf Bank still has not announced his replacement, but they expect it to be someone from the Al-Ghanim family. This is a result of the Gulf Bank Shipwreck; which has resulted in a total loss of US$ 1.2bn (KD 313 mm), an amount that represents 70% of Gulf Bank’s Tier 1 & 2 Equity.

Update: Kutayba Al-Ghanim is the new Chairman of Gulf Bank.

Posted by K.

11 replies on “Bassam Al-Ghanim resigns from Gulf Bank.”

i guess its quite true that they approached qotaiba alghanim, and the board was def. sacked ……..just to keep bassam alghanims respect he was forced by cbk to resign

Don’t they OWN the bank……lol…..of course we ‘expect’ someone from the family to step in- Gulf bank is a family going ( not growing ) concern……………………..

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