Nayifat Finance Co. announced that based on the recommendation of the Nominations and Remuneration Committee, the company's Board of Directors has approved the appointment of Mr. Chan Kok Veng (Malaysian Nationality) as an Acting CEO succeeding of Mr. AbdulMohsen Al Sowailem, effective on 24-11-1443H corresponding to 23-06-2022G. Mr. Chan Kok Veng is currently a Products Development Advisor at Nayifat Finance Co., he has MBA from Liverpool University on 2019, and he has over 30 years of experience in banking sector in growing Islamic and conventional retail banking and cards & payments businesses, he has held several positions in banks within Saudi such as NCB and Riyadh Bank.