ElRafie assumed his current position in 2025. In January 2026, ‏Al Ahli Bank of Kuwait (ABK) launched the new brand identity ABK Wealth Management, bringing together ABK Capital and ABK’s Private Banking division. The firm had $3.25 billion in assets under management in 2025. Between 2025–2026, ABK Wealth Management introduced new private credit solutions through direct lending and asset-backed credit; provided access to US real estate for opportunistic growth and diversification; and launched a global Infrastructure solution for long-term investments. ElRafie previously held managerial roles at Kamco Invest, among others.