Kuwait Finance House says CEO to retire from May 1

Kuwait Finance House is the Gulf state’s largest Islamic lender. (File photo: Shutterstock)

The chief executive of Kuwait Finance House, the Gulf state’s largest Islamic lender, will step down from May 1, the company said on Sunday.

Mohammed al-Omar has asked to resign and will retire from the beginning of next month, KFH said in a bourse statement, which did not name a successor. Omar has been CEO since 2008.

His departure is linked to wider management changes at KFH, a source told Reuters last week.

Last Update: 10:52 KSA 13:52 - GMT 10:52