The National Bank of Saudi Arabia has announced changes at the board of directors, managing director, and CEO level, and the appointment of Talal El Khereiji as the new CEO. The announcement followed the resignation of Ammar bin Abdul Wahed Al-Khudairi from the Board of Directors due to personal circumstances and the resignation of Saeed bin Muhammad Al-Ghamdi from his position as Managing Director and CEO of the Group. The Board has appointed Saeed bin Muhammad Al-Ghamdi as Chairman of the Board, and assigned Talal bin Ahmed Al-Khereiji as the new CEO. Talal El Khereiji has over 27 years of experience in the banking and financial institutions sector, and holds a master’s degree in international business and a bachelor’s degree in international economics from Georgetown University.
Appointment of Talal El Khereiji as CEO of the bank
The National Bank of Saudi Arabia announced the issuance of the board of directors’ decision related to changes at the level of the board of directors, managing director and chief executive officer of the group, after obtaining the non-objection of the Central Bank of Saudi Arabia.
The bank said in a statement on “Saudi Tadawul”, today, Monday, that the Board of Directors agreed to accept the resignation of Ammar bin Abdul Wahed Al-Khudairi from the Board of Directors of the National Bank of Saudi Arabia, as of March 26, 2023, due to his special circumstances.
The Board agreed to accept the resignation of Saeed bin Muhammad Al-Ghamdi from his position as Managing Director and CEO of the Group, as of March 26, 2023, while continuing his membership in the Board of Directors.
The Board decided to appoint Saeed bin Muhammad Al-Ghamdi as Chairman of the Board of Directors of the National Bank of Saudi Arabia, as of March 27, 2023, until the end of the current Board session.
Deputy CEO Talal bin Ahmed Al-Khereiji has been assigned the position of CEO of the National Bank of Saudi Arabia, as of March 27, 2023.
It is noteworthy that Talal El Khereiji holds a master’s degree in international business and a bachelor’s degree in international economics from Georgetown University, USA.
Talal El Khereiji also has more than 27 years of professional experience, most of which he spent in the banking and financial institutions sector. He has held many positions, the most recent of which was the Executive Vice President of the National Bank of Saudi Arabia.
In conclusion, the National Bank of Saudi Arabia has undergone major changes at the level of the board of directors and executive leadership. The bank announced the acceptance of resignations of some members and the appointment of new ones, after obtaining the non-objection of the Central Bank of Saudi Arabia. Talal El Khereiji, who holds a wealth of experience in the banking and financial institutions sector, has been appointed as the new CEO of the National Bank of Saudi Arabia. We wish him and the bank all the best in their future endeavors.