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Wed 2 Mar 2016 04:34 PM

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Saudi's Jabal Omar appoints Yasser al-Sherif as CEO

Al-Sherif previously held various positions at a number of Saudi companies in the finance and banking sector

Saudi's Jabal Omar appoints Yasser al-Sherif as CEO

Saudi Arabia's Jabal Omar Development has appointed Yasser al-Sherif as its new chief executive, the firm said in a statement on Wednesday.

The appointment comes in light of a new company strategy that depends on dynamic leadership to help support and improve its performance, Jabal Omar said.

Al-Sherif previously held various positions at a number of Saudi companies in the finance and banking sector, including heading risk management at Saudi banks and is a board member on other publically listed and private Saudi companies, the statement added.

Jabal Omar signed an agreement with the Ministry of Finance to defer payments on a 3 billion riyal ($800 million) loan, it said in February.

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