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

Al Rajhi Bank’s tower 

Al Rajhi Bank’s shareholders approved electing a new board of directors for the upcoming three-year term, starting Nov. 14, 2023, during an ordinary general meeting (OGM) held on Nov. 8, the bank said in a statement to Tadawul.

The new board of directors include namely Abdullah Al Rajhi (non-executive member), Ibrahim Al Romaih (independent member), Badr Al Rajhi (non-executive member), Abdulaziz Al Ghufaily (non-executive member), Khalid Al Gwaiz (non-executive member), Abdullatif Al Saif (independent member), Hamza Khushaim (independent member), Raeed Al Tamimi (independent member), Waleed Al Mogbel (executive member), Mansour Al Busaili (non-executive member) and Mutasim Al Mashouq (independent member).

Shareholders also approved the audit committee formation, tasks and member remuneration policy for the new next three-year term.

The audit committee members are Abdullatif Al Saif, Raeed Al Tamimi, Khalid Sabeel, Youssef Al Suhaibani and Osama Al-Hadithi.