Riyad Bank announced that the Board of Directors of the Bank approved the appointment of Mr. Abdulmajeed Abdullah Almobarak as Chief Executive Officer at its meeting on March 27, 2017. Mr. Abdulmajeed Abdullah Almobarak has previously worked at Riyad Bank since 1991 to 2013, during which he acquired diverse banking experience for nearly 22 years, during which he assumed many responsibilities and assumed many leadership positions until he was reappointed as Deputy Chief Executive Officer to the Bank on September 22, 2014. He was also appointed as acting CEO as of October 21, 2016 to date.