Bank Albilad said Abdulaziz AlOnaizan will take on another role within the bank after stepping down as CEO
Bank Albilad said its board of directors, on April 23, approved the resignation of CEO Abdulaziz AlOnaizan, effective April 23, 2026, as he will assume another role within the bank, according to a statement to Tadawul. 
The board further appointed Bashaar Al Qunaibit as a CEO, effective June 1, 2026, after obtaining the non-objection from Saudi Central Bank (SAMA).
Al Qunaibit holds a BA in business administration, in addition to several academic and professional certificates and qualifications.
He has more than 25 years of professional experience, most of which was spent in banking and financial institutions. He has held several positions, most recently was Senior Executive Vice President Businesses at the bank.
In a separate statement, the bank said it has a board reshuffle, after obtaining the Saudi Central Bank’s non-objection. The board approved the resignation of Chairman, Nasser Mohammed AlSubeaei, effective as of June 1, 2026, and he will continue to serve as a board member and member of the executive committee until the end of the current board term on April 16, 2028.
Abdulaziz AlOnaizan was appointed as the board Chairman, and head of the executive committee, effective June 1, 2026, until the end of the current board term on April 16, 2028, with his status changed to non-executive member.
The resignation of Deputy Chairman, Adeeb Abanumai, was ratified, effective June 1, 2026, while he will continue to serve as a board member and head of the audit committee until the end of the current board term on April 16, 2028.
Nasser AlSubeaei was named as the Deputy Chairman, effective June 1, 2026 until the end of the current board term on April 16, 2028.
Bank Albilad said Abdulaziz AlOnaizan will take on another role within the bank after stepping down as CEO
Bank Albilad said its board of directors, on April 23, approved the resignation of CEO Abdulaziz AlOnaizan, effective April 23, 2026, as he will assume another role within the bank, according to a statement to Tadawul.
The board further appointed Bashaar Al Qunaibit as a CEO, effective June 1, 2026, after obtaining the non-objection from Saudi Central Bank (SAMA).
Al Qunaibit holds a BA in business administration, in addition to several academic and professional certificates and qualifications.
He has more than 25 years of professional experience, most of which was spent in banking and financial institutions. He has held several positions, most recently was Senior Executive Vice President Businesses at the bank.
In a separate statement, the bank said it has a board reshuffle, after obtaining the Saudi Central Bank’s non-objection. The board approved the resignation of Chairman, Nasser Mohammed AlSubeaei, effective as of June 1, 2026, and he will continue to serve as a board member and member of the executive committee until the end of the current board term on April 16, 2028.
Abdulaziz AlOnaizan was appointed as the board Chairman, and head of the executive committee, effective June 1, 2026, until the end of the current board term on April 16, 2028, with his status changed to non-executive member.
The resignation of Deputy Chairman, Adeeb Abanumai, was ratified, effective June 1, 2026, while he will continue to serve as a board member and head of the audit committee until the end of the current board term on April 16, 2028.
Nasser AlSubeaei was named as the Deputy Chairman, effective June 1, 2026 until the end of the current board term on April 16, 2028.
