The National Bank of Saudi Arabia announced the issuance of the Board of Directors’ decision, related to changes at the level of the Board of Directors, Managing Director and CEO of the Group, after obtaining the non-objection of the Central Bank of Saudi Arabia.
And the bank stated, in its statement on “Tadawul”, that the Board of Directors agreed to accept the resignation of Ammar Al-Khudairi from the Board of Directors of the National Bank of Saudi Arabia, as of March 26, 2023, due to his special circumstances.
The Board agreed to accept the resignation of Saeed Al-Ghamdi from his position as Managing Director and CEO of the Group, as of March 26, 2023, while continuing his membership in the Board of Directors, with his appointment as Chairman of the Bank’s Board of Directors until the end of the current Board term.
Executive Vice President Talal El Khereiji was assigned to the position of CEO of the National Bank of Saudi Arabia, who previously held the position of Executive Vice President of the bank.
Saeed Al-Ghamdi held the position of Chairman of the Board of Directors of the National Commercial Bank before the merger of “Samba” Bank in it, and the amendment of its name to the National Bank of Saudi Arabia. These changes in the bank’s board of directors come a few days after the National Bank decided to invest in the Swiss “Credit Suisse” bank at a value of 5.5 billion riyals, after announcing its contribution to raising the capital of the Swiss bank by 2.52 Swiss francs per share, while the share was trading yesterday (Monday). At a price of 0.76 Swiss francs.
Okaz (Jeddah) @okaz_online