The Saudi Arabian Military Industries (Sami) named Defense Minister Prince Khaled bin Salman as its new chairman following a board reshuffle, state news agency SPA reported yesterday. The minister replaces Ahmad Al Khateeb. Sami is the PIF’s national defense and security champion.

Also sitting on the board: The new board of directors will include Industry and MineralResources Minister Bandar Al Khorayef, General Authority for Civil Aviation Chairman Abdulaziz Al Duailej, and Assistant Defense Minister Talal Al Otaibi.

Gulf International Bank appoints new boss in Saudi: Bahrain’s Gulf International Bank (GIB) has named Khaled Abbas (Linkedin) as CEO of its locally incorporated bank GIB Saudi Arabia, it said in a statement picked up by Zawya yesterday. Abbas initially joined GIB in 2018 as UAE country head and has been the group wholesale banking head since 2019. The fresh round of appointments, which includes the appointment of Sara Abdulhadi (Linkedin) as CEO of GIB Bahrain, is effective from 3 March.

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