Alinma Bank appointed Abdullah Bin Ali Alkhalifa as a chief executive officer (CEO), effective as of Jan. 3, 2021, after obtaining the approval of the Saudi Central Bank (SAMA), the bank said in a bourse filing.

 

The bank’s board of directors approved yesterday, Nov. 29, the resignation of CEO and Managing Director Abdulmohsen Bin Abdul Aziz Al-Fares upon his request due to personal reasons.

 

The step has no relevant financial impact, the statement added.

 

Alkhalifa has more than 27 years of experience and held senior positions in several banks.

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