Al Rajhi Bank gets SAMA’s nod on Waleed Al-Mogbel appointment as MD

Waleed Almogbel CEO and Managing Director of Al Rajhi Bank

Al Rajhi Bank received, on Nov. 9, the Saudi Central Bank’s (SAMA) approval for the appointment of Waleed Al-Mogbel as an executive board member (Managing Director) in the vacant seat for the existing term ending on Nov. 13, 2023 , the bank said in a statement to Tadawul. 

 

The appointment is pending the approval of the upcoming general assembly. 

 

Al-Mogbel, who has more than 24 years of experience, is currently the CEO of Al Rajhi Bank since 2020, in addition to being a board member in several companies. 

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