Lubna Al-Olayan to chair merged Saudi British Bank, Alawwal:
Lubna Sulaiman Al-Olayan is set to lead the merged Saudi British Bank and Alawwal bank as chair of what would be the Kingdom’s third-largest lender.
It comes amid efforts to increase the representation of women at board level among Saudi corporates and follows a string of other appointments of women to senior roles over the last year.
Saudi British Bank (SABB) and Alawwal bank said in a statement on Thursday they had agreed to combine to create the country’s third largest bank in the latest sign of consolidation in the sector.
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