Saudi National Bank appointed Tareq Abdulrahman Al Sadhan as Chief Executive Officer, effective May 1, 2024, following Saudi Central Bank approval. Al Sadhan, 56, replaces Talal Ahmed Al Khereiji, who departed due to personal circumstances after more than two decades with the institution.
The board announced the appointment on March 27, 2024, marking the first permanent CEO appointment since Ammar Al Khudairy resigned as chairman in March 2023, triggering a broader management reshuffle. SNB operates with regulatory approval from Saudi Central Bank (SAMA) and maintains robust governance frameworks. The appointment concluded a period in which SNB operated under an acting chief executive, stabilizing leadership after volatility stemming from the bank's 2023 losses on its Credit Suisse stake.
Al Sadhan brings over 25 years of experience spanning public and private sectors. He served as President and Chief Executive Officer of Riyad Bank from April 2019 to January 2024. Before joining Riyad Bank in January 2018 as Senior Executive Vice President, Al Sadhan spent 18 years at KPMG Saudi Arabia, rising to become one of the firm's youngest partners and serving five years as CEO and managing partner of its advisory division. He also held senior roles in the Kingdom's public sector, including Deputy Governor for Supervision at Saudi Central Bank, Acting Director-General of the General Authority for Zakat and Tax, and adviser to the Saudi Fund for Development. Al Sadhan holds a bachelor's degree in accounting from King Saud University and a master's degree in business management from Ecole Nationale des Ponts et Chaussees in France. He is a fellow of both the American Institute of Certified Public Accountants and the Saudi Organization for Certified Public Accountants.
Saudi National Bank, headquartered in Riyadh, is the Kingdom's largest bank by assets. Created through the 2019 merger of Saudi British Bank and National Commercial Bank, SNB has positioned itself as Saudi Arabia's national champion in banking and a primary vehicle for supporting the country's Vision 2030 economic diversification agenda. The bank reported net profits of SAR 25.01 billion in 2025, an 18 percent increase year-over-year. Recently, SNB has expanded into mining finance partnerships, digital banking innovation through its NEO platform, and risk transfer markets to optimize capital deployment supporting the Kingdom's long-term development objectives.
Al Sadhan's appointment signals continuity in leadership after a turbulent period. His dual expertise in audit, taxation, and banking operations, combined with his track record at Riyad Bank and prior roles at SAMA, positions him to navigate SNB's growth agenda. The hire represents a strategic choice of proven banking sector leadership over external recruitment, suggesting the board's confidence in sector-specific acumen during a period of substantial domestic banking consolidation and heightened regulatory scrutiny of capital adequacy.
