#Saudi British Bank appoints Lubna Olayan as chairwoman for three-year term - The National

Saudi British Bank appoints Lubna Olayan as chairwoman for three-year term - The National:

Saudi British Bank, the kingdom's third-biggest lender by assets, appointed Lubna Suliman Olayan as chairwoman and Hassana Investment Company's Saad Abdul Muhsin Al-Fadhli as its vice-chairman for three-year terms starting from Wednesday.

The appointments were made after receiving a notice of no objection by the Saudi Arabian Monetary Authority, the lender said in a statement on the Tadawul Stock Exchange, where its shares trade.

SABB undertook a $5 billion (Dh18.36bn) merger with competitor Alawwal in June to create a financial entity with more than $73bn in assets.

Ms Olayan was appointed chairwoman of SABB following the merger.