Riyad Bank shareholders elects new board

Riyad Bank’s shareholders have approved electing a new board of directors for the next three-year term starting from Oct. 31, 2019, the bank said in a bourse statement.

The new board includes the ten following members: Ibrahim Hassan Sharbatly, Jamal Al-Rammah, Talal Al-Qudaibi, Abdul-Rahman Jawa as a representative at the Public Investment Fund (PIF), Abdullah Al-Essa, Mohammed Al-Otaibi– as a representative at the Public Investment Fund, Mohammed Al-Afaleq, and Mohammed Al-Nahas as a representative at Public Pension Agency.

Mutaz Al-Azzawi and Nader Ali Al-Wehibi, representatives at Hassana Investment Co., were also elected to the board.

Shareholders also approved restructuring the audit committee for the next three years as of Oct. 31, 2019.

Jamal Al-Rammah, Tariq Qar'awi, Abdulraouf Banaja, Abdulaziz Al-Duailej, and Mohammed Al-Otaibi are members of the committee.