Khaleeji Bank appoints new acting CEO

02/04/2026 06:10 AST

Khaleeji Bank, a leading Islamic lender in the kingdom, has named Abdulkarim Mohamed Alzakari as its new acting chief executive officer.

The appointment, announced by the board of directors, aims to ensure institutional continuity and drive the bank's strategic growth.

Mr Alzakari, who joined Khaleeji in 2020, most recently served as chief financial officer, where he was credited with strengthening the bank's financial position and profitability.

With nearly two decades of experience in Islamic banking, risk management, and finance, Mr Alzakari previously held the role of chief risk officer at the bank, leading major governance and operational transformations.

Khaleeji Bank chairman Yousif Abdulla Taqi expressed full confidence in the move.

"We are confident in Mr Alzakari's ability to lead the bank in this next phase, given his strategic vision and proven track record in enhancing our institutional performance," he said.

Accepting the role, Mr Alzakari said he looked forward to working with the team to "build on the bank's achievements and drive innovation" while focusing on operational efficiency.

A chartered financial analyst (CFA), Mr Alzakari holds an MBA from London Business School and a bachelor's degree from City University's Cass Business School.

The bank noted that the appointment underscores its commitment to developing high-calibre national talent to lead its future operations.

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