Saturday, Dec 17, 2011
BEIRUT (Zawya Dow Jones)--Saudi Hollandi Bank (1040.SA) Saturday said Fahd Al Mubarak has resigned as board member following his appointment by the Saudi king as governor of the Saudi Arabian Monetary Agency, or SAMA, the kingdom's central bank.
Saudi Hollandi, an affiliate of the Netherlands' ABN Amro Bank, said in a statement posted on the Saudi bourse website that a replacement will be announced once it gets the authorities' approval.
The lender's shares were last trading 0.71% higher at SAR28.50.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
17-12-11 0841GMT
