DUBAI Aug 13 Kuwait Finance House
(KFH) is awaiting regulatory approval to hire the former head of
consumer banking at National Bank of Kuwait as its new
chief executive, the country's biggest Islamic lender said on
KFH made the disclosure in a bourse statement in response to
a story published in Kuwaiti newspaper Al Qabas on July 25 that
named Mazen al-Nahedh as the bank's new chief executive.
Earlier this month, National Bank of Kuwait said al-Nahedh
had submitted his resignation and would leave the bank on Oct.
KFH, whose former chief executive Mohammed al-Omar retired
in May, did not say when it expected the regulator to respond.
(Reporting by Azza El Arabi, editing by Matt Smith)