Saudi Investment Bank appointed Salman bin Bader Al-Fagham as chief executive from 1 October 2026. The board accepted the resignation of Faisal bin Abdullah Al-Omran at his request, effective 30 September. The appointment followed the Saudi Central Bank’s non-objection. The bank disclosed the succession through the Saudi Exchange.
Al-Fagham has more than 20 years of banking experience in Saudi Arabia. His career includes work at the central bank and senior roles at Saudi Investment Bank. Before the appointment, he served as deputy chief executive. His responsibilities have included treasury, liquidity, capital and balance-sheet management.
INTERNAL SUCCESSION
Al-Omran's resignation takes effect at the end of 30 September and Al-Fagham's appointment on 1 October. He has worked at the bank for about 20 years, including six years as deputy chief executive, according to Zawya.
The disclosure did not give a reason for Al-Omran’s resignation beyond stating that it was submitted at his request.
REGULATORY CLEARANCE PRECEDED THE HANDOVER
Al-Fagham previously worked at the Saudi Central Bank and held leadership roles at Saudi Investment Bank in investment, treasury, liquidity management, finance and capital and balance-sheet management.
Al-Fagham takes up the chief executive role on 1 October.