RIYADH, SAUDI ARABIA – The Board of Directors of the Saudi Real Estate Refinance Company (SRC) announced on Sunday that Majeed Al Abduljabbar will be the chief executive officer from January 1, 2024.
Majeed Al Abduljabbar will take over from former CEO Fabrice Susini, a press release issued by SRC said.
The release said, “Al Abduljabbar is considered one of the leading executives in the Kingdom in the public and private sector of the financial and banking industry.”
SRC Board of Directors thanked Susini, “for his extensive efforts over the years in strengthening the company’s position in the Kingdom, for his contribution to the firm’s achievements and supporting the development of a management team that applies the best international practices in this field.”
Al Abduljabbar, “was director of risks at the Capital Markets Authority (CMA), and senior advisor to the CMA chairman of the board, during which he worked on several initiatives within the authority’s plan and strategy, in line with the objectives of the Kingdom’s Vision 2030,” the release said.
He was also “part of the team that supervised Aramco’s public offering in the Saudi market. He also represented the Kingdom in several committees at the International Organization of Securities Commissions (IOSCO).”
Al Abduljabbar has been working in the banking sector for over 15 years, including in the treasury department of HSBC Bank in London, Samba and Arab National Bank.
He also contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB), the release added.
