04/12/2017 15:32 AST

Banque Saudi Fransi (BSF), facing a potential fine over irregularities in an employee incentive programme, has appointed new heads of compliance and audit, according to a source familiar with the matter.

Abdulaziz al-Bani, previously senior director of compliance at Al Rajhi Bank , recently joined Saudi Arabia's fifth largest lender by assets as chief compliance officer, the source said.

Al-Bani's LinkedIn page said he had joined the bank in November.

Abdulmohsen al-Rayes, previously at Arab National Bank , recently joined BSF as chief audit executive, according to the source and al-Rayes's LinkedIn page.

The source said the hires were part of a restructuring of all departments at the bank that started in 2016.


Reuters

Banque Saudi Fransi faces fine over regulatory violations -SAMA

23/11/2017

Banque Saudi Fransi (BSF) faces a fine over irregularities in an employee incentive programme, Saudi Arabia's central bank said on Thursday.

The Saudi Arabian Monetary Authority (SAMA) did

Reuters

Banque Saudi Fransi dismisses CEO

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Banque Saudi Fransi (BSF), the Kingdom's fifth largest bank by assets, said on Wednesday it had terminated the services of Chief Executive Patrice Couvegnes in coordination with the central bank and

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Banque Saudi Fransi announces the redemption of its 2012 Sukuk

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Banque Saudi Fransi is pleased to announce its intention to call (redeem) its 2012 sukuk, in full, bearing Tadawul symbol: 1051 - BSF Sukuk, at their face value (100% of issue price) at the end of ye

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