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The Saudi British Bank (SABB) Announces the appointment of the Chair of the Board of Directors, and the Vice Chair of the Board of Directors

1060
SAB
0.62 %
1444/06/11     04/01/2023 08:51:53

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Announcement Detail Reference to the Ordinary General Assembly Meeting of the Saudi British Bank, convened on Wednesday 27 Jumada al-Awwal 1444H corresponding to 21 December 2022G, that included electing a new Board of Directors for the new term of three years, which started on 1 January 2023G and ends on 31 December 2025G.

And as resolved during the Board of Directors meeting held on Wednesday 27 Jumada al-Awwal 1444H corresponding to 21 December 2022G, to select the Chair of the Board of Directors, the Vice Chair of the Board of Directors, for the new term, subject to obtaining SAMA's Non-Objection.

Since SAMA Non-Objection has been received on 10 Jumada Al-Akhirah 1444H corresponding to 3 January 2023G, SABB Bank announces that the elected Board of Directors has approved the following:

1- Appointment of Mrs. Lubna Sulaiman Olayan (Non-Executive) as Chair of the Board of Directors.

2- Appointment Mr. Saad Abdulmohsen Al-Fadly (Non-Executive) as Vice Chair of the Board of Directors.

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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Last Price 32.3
Net Change 0.2 (+0.62%)
Value Traded (Sar) 111,429,278.2
Volume Traded 3,436,570
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