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The Riyad Bank board of directors announced the resignation of its managing director, Abdul Majid bin Abdullah Al Mubarak, at the end of March 31, 2019. After discussion, the board decided to accept the resignation.
The bank said in a statement about Tadawul that the board of directors had decided to appoint Mr Mubarak as an expert to oversee the bank team for this project. study of the merger with the National Bank.
He added that the board of directors also decided to appoint Mr. Tariq bin Abdulrahman Al Sadhan to the position of Chief Executive Officer of the Bank as of April 1, 2019.
Mr. Al-Sadhan has a long experience of 22 years in the financial sector, including banking, auditing, tax and financial management consulting, and was executive vice president – chief financial officer of Riyad Bank at beginning of 2018.
He has also held a number of positions in the public sector, including advising the chairman of the board of the Saudi Development Fund, managing director of the General Authority of Zakat and income, and Deputy Governor of the Saudi Monetary Agency.
Mr. Al-Sadhan has over 18 years of professional experience with KPMG in Saudi Arabia, where he has held several executive positions, most recently as CEO and Managing Partner, and Chair of the Advisory Committee.
Mr. Tariq Al-Sadhan holds a Master's degree in Business Management from the School of Bridge, France, a Diploma in International Business from the University of Edinburgh , in the UK, and a Bachelor of Science in Administrative Sciences from King Saud University.
He pointed out that Mr. Al-Sadhan was a member of the Saudi Organization of Certified Public Accountants and members of the American Institute of Certified Public Accountants.
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