Alinma Bank has appointed Abdullah Bin Ali Alkhalifa as its new CEO. Its board of directors accepted the resignation of CEO and managing director Abdulmohsen Bin Abdul Aziz Al-Fares, who is stepping down due to personal reasons. Al-Fares will resign from his role, effective January 3, 2021. He will continue as a non-executive board member. Alkhalifa, who has more than 27 years of experience, has held senior positions in several banks, serving most recently as the chief financial officer (CFO) at Banque Saudi Fransi.