Arab National Bank announces the resignation of the Managing Director and CEO of the Bank

Element ListExplanation
Introduction Arab National Bank announces that the Managing Director, Dr. Robert Maroun Eid, has submitted his resignation from the Board of Directors on 22/9/2020 due to personal reasons.

The Board of Directors has resolved on 22/9/2020 to accept his resignation with effect from 2/2/2021.

The Board of Directors extends its gratitude and appreciation to Dr Robert Eid for his sincere and continuous efforts to enhance the Bank's performance and preserve its achievements throughout a period spanning over 15 years.

The Board of Directors wishes Dr. Eid happiness and success in the future.

Element ListExplanation
Resigning Member Name Dr. Robert Maroun Eid
Membership Type Executive
Resignation Submission Date 2020-09-22 Corresponding to 1442-02-05
Resignation Acceptance Date 2020-09-22 Corresponding to 1442-02-05
Resignation Effective Date 2021-02-02 Corresponding to 1442-06-20
Membership Starting Date for the Resigning Member 2020-04-01 Corresponding to 1441-08-08
Reasons of Resignation personal reasons

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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