Khaleeji Bank, a Bahraini Islamic bank, has appointed Abdulkarim Mohamed Alzakari as its Acting Chief Executive Officer, the bank's Board of Directors announced in April 2026. Alzakari joined the bank in 2020 and most recently served as Chief Financial Officer. The appointment follows the resignation of chief executive Sattam Algosaibi, whose last working day was 31 March. Chairman Yousif Abdulla Taqi said the board was confident in Alzakari's ability to lead the bank, citing his banking experience, strategic vision and track record.
Alzakari has around 20 years of banking experience, specialising in risk management, finance and credit in Islamic banking.
A FINANCE LEADER STEPS UP
Since joining the bank in 2020, Alzakari has held several senior positions, including Chief Risk Officer and, most recently, Chief Financial Officer. He holds an MBA from London Business School and a bachelor's degree from Cass Business School, and is a CFA charterholder and a certified Professional Risk Manager.
Alzakari said he looked forward to continuing the bank's momentum towards growth and innovation while improving operational efficiency and developing its services.
GOVERNANCE AND WHAT FOLLOWS
The board accepted Algosaibi's resignation, and Chairman Taqi praised his efforts during his time as chief executive. The announcement did not give a timeline for a permanent appointment.
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