Jasser has been appointed as the new Chief Executive Officer of Bank AlBilad with effect from May 2. The Board of Directors of Bank AlBilad made the announcement following the approval by the Saudi Arabia Monetary Agency (SAMA). Al-Jasser has more than 20 years of experience in the banking sector and has held a number of senior leadership roles across a number of businesses and functions. He has also been a board member of several prominent companies in Saudi Arabia. Razi S. Fakih, Acting CEO, has successfully built a strong foundation and led the development of the Bank since September 2007. Fakih shall resume his responsibilities as Deputy CEO. With the appointment of Al-Jasser and the strength of the management team, Bank AlBilad is confident of achieving its vision to be the most reputed Shariah-based financial solutions provider, meeting the aspirations of its customers, employees and shareholders.