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Saudi Bank Samba Follows Bourse in Naming Woman to Top Position

  • Bank names Rania Mahmoud Nashar chief executive officer
  • Sarah Al Suhaimi days earlier named chair of stock exchange
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Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman to ascend to a top finance position in recent days as the conservative kingdom goes through unprecedented social and economic change.

Nashar’s appointment is effective Feb. 19, according to a statement to the stock exchange on Sunday. She replaces Sajjad Razvi who resigned for personal reasons. On Thursday, NCB Capital Co. CEO Sarah Al Suhaimi was named the first woman to chair Saudi Arabia’s stock exchange Tadawul, the region’s largest.