Nayifat reappoints Saud Al Dosari as Chairman

20/11/2025 Argaam
Nayifat says the new board term runs from Nov. 3, 2025, until Nov. 2, 2028

Nayifat says the new board term runs from Nov. 3, 2025, until Nov. 2, 2028

Nayifat Finance Co. obtained today, Nov. 20, the Saudi Central Bank's (SAMA) non-objection on the appointment of the Chairman and the Vice Chairman for the new term starting from Nov. 3, 2025, and ending Nov. 2, 2028.

 

It also secured SAMA’s go-ahead on the formation of the board committees, including the audit committee, for the same period, according to a Tadawul filing.

 

Accordingly, Saud Al Dosari has been reappointed as Chairman and Eid AlShamri was named Vice Chairman.

 

It said these appointments came based on the board of directors' resolution, dated Nov. 3, 2025.

 

The board also appointed Hussain Al Shakarah as the board secretary, in addition to naming the company's representatives to the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa), for all matters related to the implementation of the Capital Market Law and its executive regulations.

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