Kuwait's NBK appoints new chairman

National Bank of Kuwait, the Gulf Arab state's largest commercial lender, appointed Nasser Abdullah al-Sayer as its new chairman, the bank said on Tuesday.

Sayer previously served as deputy chairman of the bank's board of directors.

He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month. Ghassan Ahmed al-Khaled will now become deputy chairman, the bank said.

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