Riyadh - Mubasher: Bank Albilad announced Abdulaziz Mohammed Al Onaizan as the board’s Chairman effective 1 June 2026 and until the end of the current term on 16 April 2028.
This appointment follows Nasser Mohammed Al Subaie stepping down from his position as the Chairman. Meanwhile, he will continue to serve as a board member, according to a bourse filing.
The board member of Bank Albilad, further, approved the appointment of Nasser bin Mohammed Al Subaie as the Vice Chairman effective 1 June 2026, following the resignation of Adeeb Mohammed Abanami from the position.
New CEO
On the other hand, the Tadawul-listed bank has named Bashaar Yahya Al Qunaibit as its CEO, with the appointment taking effect on 1 June 2026, according to another bourse filing.
Al Qunaibit holds a Bachelor’s degree in Business Administration along with several professional certifications.
The new CEO has more than 25 years of experience in banking and financial services and has held multiple senior leadership positions, most recently serving as Senior Executive Vice President – Business.
On 23 April 2026, the bank’s board members approved the resignation of Abdulaziz Mohammed Al Onaizan from his position as CEO.
During the first quarter (Q1) of 2026, Bank Albilad logged an annual growth of 5.05% in net profits to SAR 735.80 million, compared with SAR 700.40 million.
