Banque Saudi Fransi announced the termination of Ammar A. Al Khudairy as Interim Managing Director shall take an end on February 15, 2018, while the new Managing Director, Eng. Rayan M. Fayez, shall take over his responsibilities as of February 18, 2018. Mr. Ammar will continue his role as a member of BSF Board of Directors and will be reassigned as a Chairman of Audit Committee in replacement of Mr. Bader A. Al Issa who was the Interim Chairman during the transitional period.