Al Arabia appoints CEO Mohamed Khereiji as Chairman

Both decisions are effective today, May 15. Alkhereiji’s appointment as Chairman will continue until the end of current board term on March 17, 2026.

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In a separate disclosure on Tadawul, Al Arabia said the board ratified Abdelelah Abdulrahman Alkhereiji’s resignation from the post of Chairman, effective May 14, due to personal reasons.

The board also accepted the resignation of Samuel James Kilion Barnett (non-executive member) from the board and its associated committees, submitted on May 13, to pursue his professional career.

Accordingly, Al Arabia appointed Mansour Mohammed AlObaikan as CEO, with his tenure beginning on June 15, 2025.

AlObaikan has nearly 18 years of professional experience in the banking sector. He began his career at Saudi Awwal Bank (SAB) and later joined The Saudi Investment Bank (SAIB), where he held several positions, most recently serving as Chief Risk Officer since late 2019.

He currently serves as a board member at American Express Saudi Arabia, where he chairs the executive committee and has been a member of the risk and credit committee since 2020.

During his tenure at SAIB and Alistithmar Capital, he chaired and participated in several internal committees.

Al-Obaikan has also been involved in founding several companies and has served on the boards of directors across a range of sectors, including real estate development and private equity.

He holds a Bachelor of Science degree in finance with honors from Prince Sultan University (2007) and has completed several specialized programs in leadership, risk management, and global markets at institutions including HSBC UK, HSBC India, HSBC Middle East, INSEAD, Fitch, and Euromoney.

Al Arabia also announced the reformation of the Nomination and Remuneration Committee for the current term, comprising Manaji Fouad Taher Zamakhshari – Chairman (Independent), Mohamed Alkhereiji’s – (Non-Executive), and Mohammad Alghaith – (Non-Executive).

Furthermore, the company confirmed the appointment of its representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) for all matters related to applicable regulations.