Credit Suisse's Saudi backer says it cannot increase ownership above 10%


Reuters | Dubai | Updated: 15-03-2023 15:52 IST | Created: 15-03-2023 15:32 IST
Credit Suisse's Saudi backer says it cannot increase ownership above 10%
Credit Suisse Image Credit: Twitter (@CreditSuisse)
  • Country:
  • United Arab Emirates

Saudi National Bank cannot give more money to Credit Suisse as it cannot go above 10% ownership due to a regulatory issue, SNB's chairman Ammar Al Khudairy told Reuters on Wednesday.

"Well we can't...We cannot because we would go above 10%," Al Khudairy said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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