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.


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11 comments, add your own...


  1. umbaiiih says:

    isha3a :)

  2. Corolla Man says:

    Marzoog it is your time to shine

  3. Explorer says:

    heard it from another source as well

  4. jo says:

    run while you can i guess

  5. Sid says:

    GOD !!! wat is next? NBK, CBK? …… !!! some one has to save this crises …

  6. ice says:

    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

  7. dandoon says:

    according to kuwait news, qutaiba al-ghanim is his replacement.

  8. wi-fi says:

    He resign to his brother .. even better !

    ثروة بسّام الغانم حسب تصنيف فوربس
    http://www.forbes.com/lists/2006/10/ALH7.html

  9. teach says:

    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……………………..

  10. Sunshine B says:

    mo isha3a.. esta8aal oo nw qutaibah bedala..