Alinma Bank has received the Saudi Arabian Monetary Authority’s (SAMA) approval on the general assembly’s decision to elect the board of directors for the new three-year term, which started May 21, 2019, the lender said in a bourse statement.

 

SAMA approved the board of directors’ appointment of Abdulaziz Abdulla Al-Zamil as chairman and Abdulmalek Al-Hokail as vice-chairman for the term ending May 20, 2022.

 

Abdulmohsen Al-Fares was named the firm’s managing director, and the executive, nominations and remunerations, and risk committees were formed.

 

Meanwhile, the auditing committee was formed by shareholders’ decision on March 26, 2019, the statement added.

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