Alinma Bank’s board of directors accepted today Nov. 29, the resignation of CEO and Managing Director Abdulmohsen Bin Abdul Aziz Al-Fares upon his request due to personal circumstances, according to a bourse filing.

 

Al-Fares’ resignation will be effective as of Jan. 3, 2021, the bank said, adding he will retain position as a non-executive board member.

 

 In addition, the bank appointed Abdullah Bin Ali Alkhalifa as the new CEO.

 

Alkhalifa has an experience of more than 27 years and held senior positions in several banks, the latest being the chief financial officer (CFO) in Banque Saudi Fransi.

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