Al Rajhi Bank elects new board of directors for upcoming 3-year term

Al Rajhi Bank’s shareholders approved electing a new board of directors for the upcoming three-year term, starting Nov. 14, 2020, until Nov. 13, 2023, during the ordinary general meeting held on Nov. 9, the bank said in a bourse statement.

The new board of directors include non-executive members, namely Abdullah bin Sulaiman Al Rajhi, Raeed bin Abdullah Al Tamimi, Khalid bin Abdulrahman Al Gwaiz, Hamza bin Othman Khushaim, Abdulaziz bin Khalid Al Ghufaily, Badr bin Mohammed Al Rajhi and Stefano Paolo Bertamini.

It also includes independent members, namely Alaa bin Shakib Al Jabri, Ibrahim bin Fahad Al Ghofaily, Abdulatif bin Ali Al Seif, and Ibrahim bin Mohammed Al Romaih.

Shareholders approved the audit committee formation, tasks and member remuneration policy for the next three-year term, which also starts on Nov. 14.

The audit committee members are Abdullah Ali Al Muneef, Walid Abdullah Tamairik, and Farraj Mansour Abothenain.

Menawhile, they ratified the amendment of the Sharia Board regulations.