First Abu Dhabi Bank appoints new CEO for Saudi Arabia’s banking business

Dubai: First Abu Dhabi Bank (FAB) said on Wednesday it has appointed Layth Al Shaiban as Chief Executive Officer of its new commercial banking business in Saudi Arabia, subject to regulatory approvals.

FAB has been licensed by the Saudi Arabia Monetary Authority (SAMA) to operate up to three branches in the country.

“Layth Al Shaiban’s leadership skills, industry expertise and regional experience make him ideally suited to spearhead this important component of FAB’s growth strategy,” the bank said in an emailed statement.