RIYADH: Nayifat Finance Co. has announced the resignation of its CEO Abdulmohsen Abdulrahman Musaed Al-Sowailem. Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity.