In a recent announcement, Al Rajhi Bank, the second-largest lender in Saudi Arabia by assets, revealed the appointment of Abdullah bin Sulaiman Al Rajhi as the Chairman of the Board of Directors. This strategic decision was formalized during the ordinary general meeting of shareholders held last week to elect a new board for the term commencing November 14, 2023.
Additionally, Ibrahim bin Mohammed Al Romaih has been named Vice Chairman as part of the leadership restructuring within the prominent financial institution.
Abdullah bin Sulaiman Al Rajhi brings a wealth of experience and expertise to his new role, having held significant positions in various companies within the Kingdom of Saudi Arabia (KSA). His current positions include Chairman of the Board of Al Rajhi Banking and Investment Corporation (Al Rajhi Bank), Al Rajhi Company for Cooperative Insurance (Takaful Al Rajhi), Al Rajhi Capital, and Al Rajhi Holding Group Company.
Qualifying with a Bachelor of Business Administration from King Abdulaziz University, Abdullah bin Sulaiman Al Rajhi’s professional journey has been marked by notable achievements. He played a pivotal role in the conversion of Al Rajhi Exchange and Trade Company into a public joint-stock company. With over 35 years of dedicated service, he has held various leadership positions within Al Rajhi Bank, contributing significantly to its growth and success.
The appointment of Abdullah bin Sulaiman Al Rajhi as Chairman underscores the bank’s commitment to strong and experienced leadership as it navigates the evolving landscape of the financial sector.