RIYADH: Saudi Arabia’s Banque Saudi Fransi’s board has approved the appointment of Bader Hamad Alsalloom as its new CEO. Alsalloom served as acting CEO and director of Wholesale Banking at Banque Saudi Fransi, the bank said in a bourse filing. Alsalloom has extensive experience in the banking industry in which he held various leadership roles, it added. The bank has reported
RIYADH: Saudi stocks finished Monday’s session in the red as the Organization of the Petroleum Exporting Countries and its allies agreed to a small production cut to bolster prices. The main index TASI slid 0.8 percent to finish at 12,099, while the parallel Nomu market declined 1.7 percent to 21,274. Abu Dhabi’s bourse recorded the steepest decline among Gulf markets, falling