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Investment Bank CEO Resigns, Salman Al-Fahem Appointed
The Saudi Investment Bank announced the resignation of CEO Faisal bin Abdullah Al-Umran, effective from September 30, 2026, and appointed Ibrahim bin Badr Al-Faghm as his successor, starting from October 1, 2026. This change is part of the bank’s administrative plans for the upcoming phase and reflects the bank's direction toward relying on nationally experienced talent within the banking sector. Al-Faghm brings over two decades of experience, including his work at the Saudi Central Bank, along with various leadership roles across investment, treasury, and liquidity management sectors. This extensive background enhances his ability to lead the bank toward achieving its future goals.
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