Bank Albilad announced on April 26, 2026 significant changes to its Board of Directors leadership structure, approved at a board meeting held on April 23, 2026 following non-objection from the Saudi Central Bank. Effective June 1, 2026, Mr. Nasser Mohammed Al-Subaie will resign as Chairman but continue as Vice Chairman and board member, while Mr. Abdulaziz Mohammed AlOnaizan will be appointed as the new Chairman and Executive Committee Chairman. Additionally, Mr. Adeeb Mohammed Abanami will step down as Vice Chairman but remain as a board member and Chairman of the Audit Committee, with all appointments running until the current board term ends on April 16, 2028.

Original announcement:

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