Monday, Mar 05, 2012
DUBAI (Zawya Dow Jones)--Saudi Arabia's Al Rajhi Bank (1120.SA), the Arab Gulf region's biggest lender by market value, said that Chief Executive Abdullah al Rajhi has resigned for personal reasons.
The bank, in a statement posted on the Saudi bourse website, said he will be replaced by Suleiman bin Abdulaziz al Zain.
The move will be effective April 1, the statement added. It didn't provide any other details.
-By Iman Dawoud; Dow Jones Newswires;+971 444 1693; iman.dawoud@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
05-03-12 0755GMT
