Nayifat Finance chairman resigns

Tadawul-listed Nayifat Finance said its Chairman Saleh Nasser Al Omair (Linkedin) has resigned due to “different views on the mechanism of work of the members of board and committees,” according to a disclosure to Tadawul. Al Omair’s resignation was effective on Tuesday, ending his near two-year tenure in the position. Prior to his appointment as chairman, Al Omair was a board member at Nayifat Finance since 2016. He previously served as the CEO of Amana Cooperative Ins. between 2011 and 2013. He was also CEO of Solidarity Saudi Takaful Company between 2006 and 2011.