SNB Chairman resigns, Saeed Al-Ghamdi takes over

Logo of Saudi National Bank

Saudi National Bank’s (SNB) board of directors approved, during a meeting held on March 26, some changes at the level of the board, Managing Director and Chief Executive Officer (CEO), after obtaining the Saudi Central Bank’s (SAMA) non-objection. 

In a statement to Tadawul, the bank said the board gave the go-ahead for Chairman Ammar AlKhudairy’s resignation as of March 26 for private reasons.   

The board also approved Managing Director and CEO Saeed Al-Ghamdi’s resignation as of March 26, while he continues as a board member.  

Moreover, Al-Ghamdi was appointed Chairman as of March 27 until the end of the current session.  

As per the board’s decision, Deputy CEO Talal Al-Khereiji was named Acting CEO as of March 27. 

The bank pointed out that Al-Khereiji holds a master’s degree in international business and a bachelor's in international economics from Georgetown University, US.  

Al-Khereiji also has more than 27 years of professional experience, mostly in the banking and financial institutions sector. He held several positions, including SNB Deputy CEO.