March 4, 2012 / 3:36 PM / 8 years ago

Saudi's Al Rajhi Bank CEO resigns, replaced by Suleiman al-Zain

DUBAI, March 4 (Reuters) - The board of Saudi Arabia’s al Rajhi bank accepted the resignation of its chief executive, Abdullah al-Rajhi, replacing him with Suleiman al-Zain, according to a statement on the bourse website on Sunday.

The statement said the resignation, for which it gave no reason, would be effective from April 1 and that he would continue to work on the board. (Reporting by Isabel Coles)

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