Al Rajhi Bank’s board of directors on Oct. 22 appointed Alaa Bin Shakeeb Al Jabri (independent member) as its new vice board chairman, the lender said in a statement to Tadawul on Monday.
Meanwhile, Waleed Al Mogbel, who serves as the bank’s chief operating officer, has been named the deputy chief executive officer, effective from Jan. 1, 2019.
The new appointment will come into effect immediately upon receiving the approval of the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank.
Al Mogbel had also served as the bank’s chief financial officer.
The new appointments were approved on Nov. 4 by the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank.
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