Quara appoints Abdulaziz Altaleb as CEO

Logo of Quara Finance Co.

Quara Finance Co.’s board of directors appointed on Oct. 6 Abdulaziz Altaleb as CEO, having obtained the Saudi Central Bank’s (SAMA) non-objection.

In a statement to Tadawul, the company said Altaleb will assume his duties as of today, Oct. 7.

Altaleb holds a master’s degree in communication from Fort Hays State University in the US and a bachelor’s degree in journalism and public relations from Imam Mohammad Ibn Saud Islamic University. He also holds an Oxford certificate in advanced management and leadership, as well as a certified compliance officer certificate.

Altaleb has more than 20 years of experience in the financial and banking sector, covering operational management, risk management, credit and regulatory compliance. He has held several leadership positions, most recently serving as chief operating officer at SHL Finance Co.

He previously served as assistant general manager and head of credit and control at Arab National Bank (ANB), as well as senior business risk and control manager within the commercial banking sector at Saudi Awwal Bank (SAB), according to the statement.

According to Argaam data, the company earlier approved the resignation of former CEO Faisal Al-Shaikh at his request, effective July 29.