Nayifat names Khalid AlJenaidel as CEO

Logo of Nayifat Finance Co.

Nayifat Finance Co.’s board of directors decided on April 30, based on the recommendation of the Nominations and Remuneration Committee, to appoint Khalid AlJenaidel as a CEO.

The appointment is effective from May 11 following the receipt of the no-objection from the Saudi Central Bank (SAMA), the company said in a statement on Tadawul.

AlJenaidel currently serves as acting CEO and Chief Financial Officer (CFO) at Nayifat.

The company added that AlJenaidel holds a bachelor’s degree in international business administration and an executive development program certificate from London Business School, along with several professional certifications in leadership and management.

He has more than 25 years of experience in the banking and financial services sector, during which he has held several leadership roles in financial management, risk management, and treasury within banking and financial institutions and previously served as CFO at Saudi Fransi Leasing Co. (JB).