A woman has been appointed to run a Saudi Arabian bank in a first for women in the country.

Saudi businesswoman Lubna Al Olayan will chair a new bank being formed out of a merger between the Saudi British Bank (SABB) and Alawwal Bank.

The move comes amid a liberalisation of women's roles in a traditionally conservative society.

Ms Olayan has been described as a ‘trailblazer’ for women in the country, with the financier part of a female empowerment initiative known as Saudi Vision 2030.