Saudi Arabia will have its first female leader of one of the Opec kingpin’s banks after Saudi businesswoman Lubna Al Olayan was named chair of a new bank to be formed by the merger of two entities.
The 63-year-old, who currently heads up a family conglomerate, will take the reins of the company to be formed by the $17.2 billion merger between Saudi British Bank (SABB) and Alawwal Bank.
