Saudi Islamic finance firm Nayifat’s CEO resigns

Abdulmohsen Abdulrahman Musaed Al-Sowailem has also resigned from his membership in the board of directors. (Supplied/File)
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RIYADH: Nayifat Finance Co. has announced the resignation of its CEO Abdulmohsen Abdulrahman Musaed Al-Sowailem.

Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing

The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity.