Dr. Najem Abduallah Alzaid

Dr. Najem Abduallah Alzaid was appointed as Chairman of the Board of Directors of Saudi Electricity Company on January 23, 2024. His career has been defined by leadership in legal affairs, corporate governance, and regulatory oversight across Saudi Arabia's most prominent financial and energy institutions.

Dr. Alzaid holds a doctorate from George Washington University Law School, a master's degree from The University of Minnesota Law School, and an undergraduate degree from Um Al Qura University. He was appointed by Royal Order as a Commissioner and Board Member of The Capital Market Authority (CMA) in Saudi Arabia, which functions as the equivalent of the Securities and Exchange Commission in the United States.

Dr. Alzaid was part of Saudi Arabia's technical team in the WTO accession negotiations in 2005 and served as a legal advisor to the Islamic Development Bank and the World Bank in Washington. He founded the ZS&R Law Firm in association with Hogan Lovells, establishing himself as a key figure in corporate legal practice.

Career History

• Vice Chairman at Gulf International Bank BSC (since 2018)
• Vice Chairman of the Board of Directors of Saudi Electricity Company (2018–2024)
• Chief Executive Officer of Governance and Legal Accountability at Al Rajhi Bank (2016–2017)
• Co-founder and CEO of Al-Zaid Al-Sheikh and Al-Rashed Law Firm (2017–2022)
• Board Member of the National Center for Privatization (2017–2022)
• Commissioner and Board Member of the Saudi Capital Market Authority

What Dr. Alzaid could bring to the Saudi Electricity Company Chairmanship: With his deep expertise in capital market regulation, corporate governance, and legal affairs, Dr. Alzaid is positioned to strengthen the governance framework of Saudi Electricity Company during a period of energy sector transformation. His experience at the Capital Market Authority and as Chief Governance and Legal Officer at Al Rajhi Bank suggests he will prioritize institutional oversight, compliance, and strategic regulatory alignment. His background in international financial institutions and Saudi Arabia's accession to trade agreements indicates capacity to navigate complex stakeholder environments and drive transparency in one of the Kingdom's largest utilities.