Bassam Al-Ghanim resigns from Gulf Bank.
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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Oct 28, 2008
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12 Comments, add your own...
1. umbaiiih | October 28th, 2008 at 2:51 pm
isha3a :)
2. Corolla Man | October 28th, 2008 at 2:54 pm
Marzoog it is your time to shine
3. Explorer | October 28th, 2008 at 2:57 pm
heard it from another source as well
4. jo | October 28th, 2008 at 2:59 pm
run while you can i guess
5. Sid | October 28th, 2008 at 3:00 pm
GOD !!! wat is next? NBK, CBK? …… !!! some one has to save this crises …
6. kilo_q8 | October 28th, 2008 at 3:05 pm
No its not… its true..
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=1948162&Language=ar
7. ice | October 28th, 2008 at 3:14 pm
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
8. dandoon | October 28th, 2008 at 3:15 pm
according to kuwait news, qutaiba al-ghanim is his replacement.
9. wi-fi | October 28th, 2008 at 3:42 pm
He resign to his brother .. even better !
ثروة بسّام الغانم حسب تصنيف فوربس
http://www.forbes.com/lists/2006/10/ALH7.html
10. teach | October 28th, 2008 at 4:26 pm
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……………………..
11. toni | October 28th, 2008 at 4:34 pm
@wi-fi. You linked to an old Forbes list. He is now worth $2.8 billion. Here is the new listing: http://www.forbes.com/lists/2008/10/billionaires08_Bassam-Alghanim_ALH7.html Poor guy, how will he feed himself now that he is out of the job?
12. Sunshine B | October 28th, 2008 at 4:49 pm
mo isha3a.. esta8aal oo nw qutaibah bedala..
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