Al Rajhi Bank names CEO Waleed Almogbel as board member and managing director

Waleed Almogbel CEO and Managing Director of Al Rajhi Bank

Al Rajhi Bank has announced the approval of board of directors on Oct. 31, 2022, to appoint Waleed Abdullah Almogbel as board member and managing director for the existing term of the board ending Nov. 13, 2023, in addition to his position as Chief Executive Officer (CEO) of the bank.

Waleed Almogbel is currently the CEO of Al Rajhi Bank since the beginning of 2020 and has over 24 years of experience working in financial and banking sector, auditing, tax, financial and management consultation.

Through his career with Al Rajhi Bank he held many executive positions, including Chief Financial Officer in 2010, and Chief Operation and Information Technology Officer in 2014, and in 2019 he became the Deputy Chief Executive Officer of the Bank.

Almogbel has also participated in the accomplishment of many transformation and strategic projects for the Bank through his career.