Saudi British Bank Appoints New Chairman and MD

JEDDAH — The Saudi British Bank (SABB) has appointed Khaled Suliman Al Olayan as the new chairman and confirmed Richard Groves as the new managing director with effect from March 16.

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Published: Thu 12 Mar 2009, 11:58 PM

Last updated: Thu 2 Apr 2015, 7:45 AM

Al Olayan, a leading businessman in the kingdom, is chairman of the Olayan Group, a multi-faceted international group in the fields of commerce, industry, services and investments. He replaces the late Abdullah Al Hugail, who was a major contributor to the growth of SABB.

“Since joining SABB’s board of directors in January 2002, Al Olayan has played a key role in guiding the bank to its current position as one of the largest and most respected financial institutions in the kingdom,” a spokesman for the bank said.

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