Nayifat extends Khalid AlJenaidel’s Acting CEO term to May 2026

16/12/2025 Argaam
Logo ofNayifat Finance

Logo of Nayifat Finance

Nayifat Finance Co.'s board of directors decided to extend the appointment of Khalid AlJenaidel as Acting CEO until May 9, 2026.

 

In a statement to Tadawul, the company said the decision came after obtaining the no-objection from the Saudi Central Bank (SAMA) on Dec. 15.

 

In May, Nayifat’s board accepted the resignation of former CEO Fahad Al-Mufarrej, who decided not to renew his contract for personal reasons, Argaam reported.

 

During the same month, the board appointed AlJenaidel as Acting CEO for a six-month term, starting from May 28.

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