Riyadh – Mubasher: Saudi Arabia’s Samba Financial Group on Monday announced the appointment of Ammar Abdulwahid Al-Khudairi as the new chairman.
The board also hired Yazeed Abdulrahman Al-Hamid as the deputy chairman, according to a statement to the Saudi Stock Exchange (Tadawul).
The new appointments will be into effect after obtaining the Saudi Arabian Monetary Authority’s (SAMA) approval, the kingdom's third-largest bank by assets noted.
The new board’s tenure started on 20 January and will end on 19 January 2022.
On Wednesday, Samba stated that its net profits jumped 10% to SAR 5.53 billion by the end of 2018, compared to SAR 5.02 billion a year earlier.
