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Bank Aljazira announces the appointment of a CEO

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Introduction Bank AlJazira announces that subsequent to the Board of Directors resolution in the meeting held on 07 October 2020 to appoint Mr. Naif Abdulkareem AlAbdulkareem as a Chief Executive Officer (CEO) for the Bank with effect from 01 November 2020, that the Saudi Arabian Monetary Agency (SAMA) No Objection on this appointment has been obtained.

On this occasion, the Chairman and Members of the Board of Directors wish Mr. Naif Al-Abdulkareem all the success.

Element ListExplanation
Appointment Type Appointment
Name of the CEO Mr. Naif AlAbdulkareem
Date of Board Resolution 2020-10-07 Corresponding to 1442-02-20
Start Date 2020-11-01 Corresponding to 1442-03-15
Brief Resume Mr. Naif AlAbdulkareem holds a Master's degree in Business Administration from the University of Illinois in the USA and has nearly 21 years’ experience in the banking sector. During this period, Mr. Naif AlAbdulkareem has held several key leadership positions including the Deputy Managing Director of Personal Banking and Wealth Management at SABB, member of the Board of Directors and the Executive Committee of Sanid and SABB Takaful, a member of the Board of Director of SIMAH and HSBC Saudi Arabia, and Chairman of the Board of Directors of SABB Insurance Agency.

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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