IssuerAnnouncementDetailsV2Portlet
Actions
Riyad Bank Announces The Resignation and Appointment of the CEO
| Element List | Explanation |
|---|---|
| Introduction | Riyad Bank announces its Board of Directors resolution dated 12 December 2023G corresponding to 28 Jumada al-Awwal 1445H, to accept the resignation of Mr. Tareq Abdulrahman AlSadhan from his position as CEO of the Bank to continue his professional career. The resignation will be effective from 31 January 2024G corresponding to 19 Rajab 1445H. The Board and all the Bank’s employees would like to express their sincere gratitude and appreciation to Mr. Tareq AlSadhan for his role and exceptional efforts in improving the performance of the Bank during his presidency, wishing him all the best of luck and success. The Board has also resolved to appoint Mr. Nader Sami AlKoraya as the CEO of the Bank starting from 01 February 2024G corresponding to 20 Rajab 1445H, subject to obtaining the non-objection from the Saudi Central Bank. |
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Tareq Abdulrahman AlSadhan |
| Resignation Acceptance Date | 2023-12-12 Corresponding to 1445-05-28 |
| Resignation Effective Date | 2024-01-31 Corresponding to 1445-07-19 |
| Reasons for Resignation | Continue His Professional Career |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the CEO | Nadir Sami AlKoraya |
| Date of Board Resolution | 2023-12-12 Corresponding to 1445-05-28 |
| Date Work Commencement | 2024-02-01 Corresponding to 1445-07-20 |
| Brief Resume | Mr. AlKoraya holds a Master's degree in Business from the University of California. He has undergone various executive and leadership programs, such as the Leadership Program from Harvard Business School. Additionally, he has more than 30 years of experience in banking. He has held numerous leadership positions the last of which is the Chief of Treasury and Investment at Riyad Bank. |
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.
Share
Company Performance
Key Parameters
Last Price 27.25
Net Change -0.25 (-0.91%)
Value Traded (Sar) 89,609,382.6
Volume Traded 3,285,805
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions
- ${title}${badge}