Riyadh – Mubasher: Saudi British Bank (SABB) has appointed Lubna Sulaiman Olayan as the new Chairperson of the board for the coming three years.
The lender also announced Saad Abdulmohsen Al Fadly as the Vice Chairperson, according to a bourse disclosure.
Meanwhile, the two officials assumed their roles for a new board term that started on 1 January 2023 and will remain in position until 31 December 2025.
It is worth noting that the Saudi Central Bank (SAMA) granted its approval for the two appointments on 3 January this year.
In the first nine months (9M) of 2022, SABB reported net profits worth SAR 3.48 billion, an annual increase of 25.51% from SAR 2.77 billion.
Earnings per share (EPS) stood at SAR 1.70 in 9M-22, higher than SAR 1.35 in 9M-21.
The clients’ deposits surged by 12.55% year-on-year (YoY) to SAR 202.86 billion in 9M-22, compared to SAR 180.24 billion.
