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The Saudi National Bank Announces Changes at the level of the Board of Directors, and the Managing Director & Chief Executive Officer of the Bank.

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1444/09/05     27/03/2023 08:47:21

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Announcement Detail The Saudi National Bank announces the Board of Directors’ resolution pursuant to its meeting convened on 4/9/1444H corresponding to 26/3/2023G, concerning changes at the level of the Board of Directors, and the Managing Director & Chief Executive Officer, after obtaining the Saudi Central Bank’s Non-Objection, wherein the Board resolved the following:

1- Accepted the resignation of Mr. Ammar Abdul Wahed Al Khudairy from the Board of Directors of the Saudi National Bank, effective as of 4/9/1444H corresponding to 26/3/2023G, due to personal reasons.

2- Accepted the resignation of Mr. Saeed Mohammed Al Ghamdi from his position as Managing Director & Group Chief Executive Officer of the Saudi National Bank effective as of 4/9/1444H corresponding to 26/3/2023G, while continuing as a Board Member.

3- Appointed Mr. Saeed Mohammed Al Ghamdi as Chairman of the Board of the Saudi National Bank, effective as of 5/9/1444H corresponding to 27/3/2023G, until the end of the current Board Cycle.

4- Appointed Mr. Talal Ahmed Al Khereiji as Acting Chief Executive Officer of the Saudi National Bank, effective as of 5/9/1444H corresponding to 27/3/2023G.

Mr. Talal Ahmed Al Khereiji is a graduate of Georgetown University, USA where he received his Master's degree in International Business and his Bachelor’s degree in International Economics.

Mr. Talal Ahmed Al Khereiji also has more than 27 years of professional experience, the majority of which he obtained working in Banks and Financial Institutions, wherein he held a variety of positions, the most recent of which as the Deputy Chief Executive Officer at the Saudi National Bank.

And on this occasion, the Board of Directors of would like to congratulate Mr. Saeed Mohammed Al Ghamdi on his appointment as Chairman of the Board, with well wishes for his success.

The Board of Directors would also like to congratulate Mr. Talal Ahmed Alkhereiji on his assignment as Acting Chief Executive Officer of the Saudi National Bank with well wishes for his success.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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