Riyadh – Mubasher: Banque Saudi Fransi’s (BSF) board of directors has appointed Mazin A. Al Romeih as the new chairman, effective Tuesday,1 January 2019 until 31 December 2021.
BSF’s board also approved hiring Talal I. Al Maiman as vice chairman, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.
The fifth-largest lender by assets in Saudi Arabia last reported a 0.4% year-on-year profit rise during the third quarter of 2018, reaching SAR 1.005 billion, compared to SAR 1.001 billion.
From January to September, BSF’s net profits fell 2.28% to SAR 3.04 billion, against SAR 3.1 billion in the corresponding period last year.
BSF’s stock levelled up 1.13% to close Thursday’s trading session at SAR 31.35.
