Hamad Al-Rashed, CEO ofThe Small and Medium Enterprise Bank (SME Bank)
The Small and Medium Enterprise Bank’s (SME Bank) Board of Directors approved the appointment of Ibrahim bin Hamad Al-Rashed as CEO, effective March 23, 2025. 
Al-Rashed will guide the bank in achieving its objectives and developing strategies to support the Saudi small and medium enterprises sector.
According to the bank’s statement, the appointment aligns with its ongoing efforts to strengthen its role in supporting the national economy, in line with Saudi Vision 2030.
Al-Rashed has extensive experience in the financial sector, having served in various leadership roles, including CEO of the Social Development Bank (SDB), Chairman of the Saudi Fund for Startups and Small Enterprises, and as a board member for several organizations, such as Yanbu Cement Co., National Gas and Industrialization Co. (GASCO), and the Saudi Authority of Accredited Valuers (TAQEEM). This experience positions him well to lead the bank toward greater success and strengthen its support for SMEs.
Hamad Al-Rashed, CEO ofThe Small and Medium Enterprise Bank (SME Bank)
The Small and Medium Enterprise Bank’s (SME Bank) Board of Directors approved the appointment of Ibrahim bin Hamad Al-Rashed as CEO, effective March 23, 2025.
Al-Rashed will guide the bank in achieving its objectives and developing strategies to support the Saudi small and medium enterprises sector.
According to the bank’s statement, the appointment aligns with its ongoing efforts to strengthen its role in supporting the national economy, in line with Saudi Vision 2030.
Al-Rashed has extensive experience in the financial sector, having served in various leadership roles, including CEO of the Social Development Bank (SDB), Chairman of the Saudi Fund for Startups and Small Enterprises, and as a board member for several organizations, such as Yanbu Cement Co., National Gas and Industrialization Co. (GASCO), and the Saudi Authority of Accredited Valuers (TAQEEM). This experience positions him well to lead the bank toward greater success and strengthen its support for SMEs.
