ABK
ABK`R
ABK`R
Ahmed Yousef Behbehani the chairman of Kuwait’s Al Ahli Bank has resigned due health issues said a bourse statement.
Behbehani's resignation will be effective as of December 24, 2015.
Talal Mohamed Reda Yousef, deputy chairman has been entitled to replace Behbehani, added the statement.
Late - November, Kuwait Court of Appeal has cut insider trading fine against Kuwait's Al-Ahli Bank Chairman to KWD 100,000 from KWD1.5 million imposed earlier according to a bourse statement.
Meanwhile, early - March, the Court of First Instance has imposed a fine of KWD1.5 million against the bank’s Chairman Ahmed Yousuf Behbehani following a complaint by the Kuwait Capital Markets Authority.
At the time Behbehani denied any wrongdoing and said he would appeal the ruling.
Behbehani's resignation will be effective as of December 24, 2015.
Talal Mohamed Reda Yousef, deputy chairman has been entitled to replace Behbehani, added the statement.
Late - November, Kuwait Court of Appeal has cut insider trading fine against Kuwait's Al-Ahli Bank Chairman to KWD 100,000 from KWD1.5 million imposed earlier according to a bourse statement.
Meanwhile, early - March, the Court of First Instance has imposed a fine of KWD1.5 million against the bank’s Chairman Ahmed Yousuf Behbehani following a complaint by the Kuwait Capital Markets Authority.
At the time Behbehani denied any wrongdoing and said he would appeal the ruling.
Source:
Mubasher
