THE MIDDLE EAST’S
17. Waleed Abdullah Al-Mogbel
Designation: Managing Director & CEO
Company: alrajhi bank
Residence: Saudi Arabia
Nationality: Saudi
Sector: Banking
Al-Mogbel assumed his role as CEO in 2020 and as Managing Director and Board Director in 2022. The bank operates over 510 branches, 4,304 ATMs, 900,299 points of sale, and 136 remittance centers. In the first nine months of 2025, the bank’s total assets amounted to $282.5 billion and generated a net income of $4.9 billion, an increase of 29.6% YoY. Since 2023, alrajhi bank issued $4.5 billion Sustainable Sukuks under global green finance frameworks, targeting renewable energy and social projects. Al-Mogbel serves as Chairman of Emkan Finance, International Digital Solutions (Neoleap), Atmaal, and EJADA Systems.