Bashaar Yahya Al Qunaibit has been appointed as the new Chief Executive Officer of Saudi-listed Bank Al Bilad. The current CEO, Abdulaziz Mohammed Al Onaizan, will move into a Non-Executive role as Chairman of the Board.
Al Qunaibit was serving as the Senior Executive Vice President for Business at Bank Albilad and has a 25-year career in the financial services sector.
In a separate announcement, the lender said it had approved a broader board reshuffle. Chairman Nasser AlSubeaei will step down from the role effective 1 June but will continue as a board and executive committee member until the current board term ends in April 2028.
AlOnaizan will assume the role of Chairman and Head of the Executive Committee from 1 June, with his status changing to a non‑executive board member.
The board also approved the resignation of Deputy Chairman Adeeb Abanumai, effective 1 June. He will remain a board member and continue as head of the audit committee until April 2028.
AlSubeaei will take on the role of Deputy Chairman for the remainder of the board term.
