No. 15



Board of CBK Resigns

The Commercial Bank of Kuwait (CBK) announced on 11 April thatits Chairman, Mr. Hamad al- Hamad, and all but one of its board members had tendered theirresignations to the bank's general assembly. When questioned by the local press, Mr. Hamadgave no reason for the resignation other than that "it was time to inject new bloodinto the bank" and that a new board will be elected next month in coordination withthe Ministry of Trade and...