RIYADH: The Saudi Investment Bank, known as SAIB, has extended the tenure of both Abdullah S. Jum'ah as chairman of the board and Abdulaziz Al Khamis as vice chairman, a bourse filing revealed.
In accordance with the new election terms, the changes will come into effect on Feb.14, 2022, and will continue for three years until Feb. 13, 2025.
The Riyadh-based SAIB was established in 1977 and has a market capitalization approaching SR16 billion ($4.26 billion) as of Jan. 10.
