Riyadh – Mubasher: Bank Albilad has named Nasser Mohammed Al Subaie as the new Chairman of the board for the coming three years.
During the extraordinary general meeting (EGM) that was held on Monday, 11 April, the shareholders also appointed Adeeb Mohammed Abanumai as the Vice Chairman, according to a recent bourse disclosure.
The two officials assumed their new roles on Sunday, 17 April this year, and will remain in position until 16 April 2025.
In 2021, the Saudi lender logged net profits worth SAR 1.69 billion, a 25.06% year-on-year (YoY) leap from SAR 1.35 billion.
