The Saudi Awwal Bank Announces the Appointment of a Board Member to Fill a Vacancy on its Board
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Awwal Bank announces the appointment of Mr. Surendranath Ravi Rosha by HSBC Holdings B.V. as a member of its Board. Mr. Rosha replaces the resigned member Mr. Stephen Moss and will serve until the end of the current Board term on 31/12/2025. This decision is based on Article (17) of the Bank's Bylaws and the Board's resolution and the no objection received from the Saudi Central Bank. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Surendranath Ravi Rosha |
| Membership Type | Non- Executive |
| Membership Start Date | 2025-05-19 Corresponding to 1446-11-21 |
| Brief Resume of the Appointed Member | Mr. Rosha is Co-Chief Executive Officer of HSBC Asia and the Middle East and an Executive Director of the Hong Kong and Shanghai Banking Corporation Limited. He also serves as an Executive Director of HSBC Malaysia Berhad.
Mr. Rosha holds a Master’s Degree in Business Administration from the Indian Institute of Management, Ahmedabad. He joined HSBC in 1991 and has held several senior roles, including Chief Executive Officer of HSBC India from 2018 to 2021. |
| The date of the approval by other official authorities | 18-05-2025 corresponding to 20-11-1446. |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-05-19 Corresponding to 1446-11-21 |
| Board Approval | The appointment is made in accordance with Article (17) of the Bank's Bylaws, which stipulates that the forging partner HSBC Holdings B.V. has the right to appoint three directors to the Saudi Awwal Bank Board of Directors. |
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