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Nayifat Finance Co. Announces Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Nayifat Finance Co. announces the issuance of the Board of Directors' passing resolution dated 30-04-2026, based on the recommendation of the Nominations and Remuneration Committee dated 29-04-2026, appointing Mr. Khalid Abdulaziz AlJenaidel as the Chief Executive Officer of the company, effective from the date of obtaining the Non-Objection from the Saudi Central Bank on 11-05-2026. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Khalid Abdulaziz AlJenaidel |
| Date of Board Resolution | 2026-04-30 Corresponding to 1447-11-13 |
| Date Work Commencement | 2026-05-11 Corresponding to 1447-11-24 |
| Brief Resume | Mr. Khalid Abdulaziz AlJenaidel currently serves as the Acting Chief Executive Officer of Nayifat Finance Co. for a period of one year effective from 28-05-2025G, in addition to his role as Chief Financial Officer. He possesses more than 25 years of experience in the banking and financial sectors, during which he held several leadership positions in financial management, risk management, and treasury within the banking and financial industry, as well as serving as Chief Financial Officer at Saudi Fransi Leasing Company (Geep). Mr. AlJenaidel holds a bachelor’s degree in international business administration and has completed the Executive Development Programme from London Business School, in addition to obtaining several certifications in leadership and management fields. The Board of Directors expressed their sincere wishes for his continued success in his upcoming responsibilities. |
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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