Al Rajhi Bank has appointed Suliman AbdulAziz Azzabin as chief executive officer.
His appointment takes effect on April 1, 2012.
The bank also announced the resignation of its current CEO and managing director, Abdullah Sulaiman Al Rajhi, due to personal business interests.
The bank said Abdullah would continue to be a member of the board of directors.
Meanwhile, Abdullah said the decision to resign came after thirty years of work in executive banking and a need to focus on personal matters.
He said the bank had witnessed qualitative growth in capital growth, assets and net income and international expansion.
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