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THE SAUDI BRITISH BANK (SABB) ANNOUNCES THE RESIGNATION OF A BOARD DIRECTOR AND THE APPOINTMENT OF A NEW BOARD DIRECTOR

The Saudi British Bank (SABB) announces that the Board of Directors has issued a resolution by circulation on Thursday 11 January 2018, appointing Stephen Moss, as Non-Executive Director of SABB Board, representing HSBC Group effect from 14 January 2018 in succession and replacement of Nigel Hinshelwood who submitted his resignation to the board on 10 January 2018 due to his resignation from HSBC group, which was accepted on Thursday 11 January 2018 effective from to date.

Stephen Moss is currently the Group Head of Strategy and Planning at HSBC United Kingdom. He holds a degree in Economics and Accountancy from the University of Kent, UK, in 1988. He also holds a degree in French History Economics and General Studies from King Edward VI School, UK in 1985. Moreover, Stephen has accumulated experience in Strategy and Planning for almost 25 years in Banking, Investment and strategy which he acquired from his work in senior positions within the Group.

SABB Board Chairman and Directors have expressed their appreciations to Nigel Hinshelwood for all his valuable contributions and effective participations during his directorship; as they also have welcomed Stephen Moss and wished him all success.

The Capital Market Authority and the Saudi Stock 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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