Riyad Bank announces its Board of Directors resolution dated 12 December 2023G corresponding to 28 Jumada al-Awwal 1445H, to accept the resignation of Mr. Tareq Abdulrahman AlSadhan from his position as CEO of the Bank to continue his professional career. The resignation will be effective from 31 January 2024G corresponding to 19 Rajab 1445H. The Board and all the Bank-s employees would like to express their sincere gratitude and appreciation to Mr. Tareq AlSadhan for his role and exceptional efforts in improving the performance of the Bank during his presidency, wishing him all the best of luck and success.

The Board has also resolved to appoint Mr. Nader Sami AlKoraya as the CEO of the Bank starting from 01 February 2024G corresponding to 20 Rajab 1445H, subject to obtaining the non-objection from the Saudi Central Bank. Mr. AlKoraya holds a Master's degree in Business from the University of California. He has undergone various executive and leadership programs, such as the Leadership Program from Harvard Business School.

Additionally, he has more than 30 years of experience in banking. He has held numerous leadership positions the last of which is the Chief of Treasury and Investment at Riyad Bank.