SAB shareholders approve board members for new term

The approval for new board members for the upcoming three-year term was given during the OGM held on Dec. 8

Saudi Awwal Bank (SAB) shareholders approved the election of board members from among the nominees for the upcoming term, which will begin on Jan. 1, 2026, and run until Dec. 31, 2028.

The approval was given during the ordinary general assembly (OGM) held on Dec. 8, the lender said in a statement to Tadawul.

The members elected to the board are Lubna Alolayan, Mohammed Alomran, Saad Alfadly, Ahmed Alulaqi, Suliman Algwaiz, Martin Powell, Stuart Gulliver, and Mohammed Almaraj.

SAB said that the new board for the upcoming term will comprise the elected members listed above, as well as the members appointed by the shareholder, HSBC Holdings B.V.

Anthony Cripps, Samir Assaf, and Surendranath Rosha were appointed in accordance with Article 17 of SAB’s articles of association, the statement said.