Al-Mogbel assumed his role as CEO in 2020 and as Managing Director in 2022. alrajhi bank serves more than 21.2 million customers. In Q1 2026, the bank reported $280.3 billion in total assets and $1.8 billion in net income. In November 2025, the bank signed real estate finance agreements exceeding $2.9 billion at Cityscape 2025. In 2025, it signed an $800 million Murabaha credit facility with Bahri, a $667 million financing agreement with Tatweer, and completed a $1.5 billion USD-denominated Additional Tier 1 sustainable sukuk issuance. Al-Mogbel serves as chairman of Emkan Finance, Neoleap, Atmaal, and EJADA Systems.