THE SAUDI BRITISH BANK (SABB) ANNOUNCES THE APPOINTMENT OF THE CHAIRMAN, AND THE AFFIRMATION OF THE APPOINTMENT OF THE VICE CHAIRMAN AND THE MANAGING DIRECTOR
| Element List | Explanation |
|---|---|
| Announcement Detail | In reference to the announcement made by SABB on 16/6/2019 regarding the effectiveness of the resolution to merge Alawwal bank in SABB, and reference to the announcement made by SABB on 16 June 2019 regarding the resignation and appointment of directors of the board in line with the Merger agreement entered into with Alawwal bank on 3 October 2018 (the “Merger Agreement”).
SABB would like to announce that, pursuant to the Merger Agreement, the board of directors of SABB has issued its resolution on 16 June 2019 of the following: 1. The appointment of Mrs. Lubna Sulaiman Olayan as the Chairman of the Board from the date of issuing the board resolution until the end of the term of the board
2. Affirming the appointment of Mr. Khalid Abdullah Almolhem as the Vice Chairman of the board until the end of the term of the board
3. Affirming the appointment of Mr. David Dew as the Managing Director of SABB |
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