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The Saudi National Bank announcement on the Resignation of the Acting CEO and Appointment of the CEO.
| Element List | Explanation |
|---|---|
| Introduction | The Saudi National Bank announces its Board of Directors resolution to accept the resignation of Mr. Talal Ahmed Al khereiji as the acting CEO of the Bank, effective from 30 April 2024G corresponding to 21 Shawwal 1445H, due to his personal circumstances. The Board expresses its gratitude and appreciation to Mr. Talal for his efforts during his career with the Bank which lasted for twenty-three years. The Saudi National Bank also announces its Board of Directors resolution to appoint Mr. Tareq Abdulrahman Al Sadhan as the CEO of the Bank, effective from 01 May 2024G corresponding to 22 Shawwal 1445H, noting the Non-Objection from The Saudi Central Bank has been obtained. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Talal Ahmed Al khereiji |
| Resignation Acceptance Date | 2024-03-27 Corresponding to 1445-09-17 |
| Resignation Effective Date | 2024-04-30 Corresponding to 1445-10-21 |
| Reasons for Resignation | Due to his personal circumstances. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Tareq Abdulrahman Al Sadhan |
| Date of Board Resolution | 2024-03-27 Corresponding to 1445-09-17 |
| Date Work Commencement | 2024-05-01 Corresponding to 1445-10-22 |
| Brief Resume | Mr. Tareq Al Sadhan has more than 25 years of experience in the public and private sectors, which includes auditing and taxes businesses, administrative and financial consultancies, and banking operations. He has held numerous leaderships positions in multiple organizations, the last of which was the Chief Executive Officer for Riyad Bank. He holds a Master's degree in Executive Business Administration from the Ecole Nationale Des Ponts University in France, Bachelor Degree in the field of Accounting from King Saud University, in addition to the Saudi Organization for Chartered and Professional Accountants fellowship, and the American Institute of Certified Public Accountants fellowship. |
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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