Saudi Firms Replace CEOs at Rapid Pace in Fourth Quarter
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Some of Saudi Arabia’s listed companies are seeing key leadership roles reshuffled at a rapid pace, with about 10 CEOs replaced this quarter alone.
Rania Nashar, the first woman to lead a banking group in the kingdom, resigned from Samba Financial Group on Tuesday and will become a senior adviser at the country’s $360 billion wealth fund. Saudi Telecom, the Middle East’s biggest phone operator, last month said its CEO would leave after just two years in the role.