Obaid Al-Rasheed

Obaid Abdullah Al-Rasheed is the Managing Director and CEO of Arab National Bank, a position he has held since 2021 after serving as Deputy CEO for a decade. With nearly 40 years of experience in Saudi Arabia's banking sector, he has held senior leadership roles across retail banking, private banking, and branch management. He completed his bachelor's degree in business administration from San Jose State University, California, USA.

In January 2025, the newly-elected board of Saudi Chemical Company Holding (SCCH) appointed Obaid Al-Rasheed as Deputy Chairman. He has been Vice Chairman of the Board of Directors and a member of the Executive Committee of the Saudi Chemical Company since January 2019. He is also Vice Chairman of SHL Finance Company and serves on the boards of anb capital and Dr. Sulaiman Al Habib Medical Services Group.

Career History

• CEO and Managing Director of Arab National Bank since February 2021
• Deputy CEO and Executive Vice President, Head of Retail Banking and Private Banking Services at Arab National Bank
• Chairman of the Board of Directors of Al-Arabi Heavy Equipment Rental Company between 2010 and 2021
• Board Member of Tabuk Cement Company between 2005 and 2013
• Board Member of Malath Insurance Company between 2010 and 2017
• Board Member of Saudi Airlines Engineering and Aerospace Industries Company between 2014 and 2016

What Obaid Al-Rasheed could bring to his Deputy Chairman role at SCCH: Al-Rasheed's four decades of banking expertise, combined with his proven track record leading one of Saudi Arabia's largest financial institutions and his experience across multiple boards in industrial, healthcare, and financial sectors, positions him to provide sophisticated strategic oversight and risk management to Saudi Chemical's diversified operations. His deep understanding of corporate finance, committee governance, and stakeholder relations across both banking and industrial sectors could strengthen SCCH's executive leadership and capital allocation strategies during this period of regional economic growth.