Obaid Alrasheed

Obaid Abdullah Al-Rasheed has been the managing director and chief executive officer of the Arab National Bank since February 2021. Prior to that, he was a deputy CEO of the bank for 10 years and has spent his entire career of almost four decades working in the Saudi banking sector. During that time, he has risen through the ranks from frontline roles to become one of the leading names in the Kingdom's banking industry. His experience, insight, knowledge, and energy have brought him success in business areas including branch management, retail, private banking, and senior leadership.

SHL Finance Co.'s board of directors reappointed Obaid Al-Rasheed as Vice Chairman in December 2025. At ANB, Al-Rasheed chairs the senior credit, and assets and liability committees and is also a member of the executive, and strategy committees. He also serves as a Director of Anb capital, SHL Finance Co, Saudi Chemical Co and Dr. Sulaiman Al Habib Medical Services Group.

Career History

• Managing Director and CEO, Arab National Bank (February 2021–present)
• Deputy CEO, Arab National Bank (approximately 10 years prior to 2021)
• Executive Vice President and Head of Retail Banking and Private Banking Services for Individuals, Arab National Bank
• Chairman of the Board of Directors, Al-Arabi Heavy Equipment Rental Company (2010–2021)
• Member, Board of Directors, Malath Insurance Company (2010–2017)

Alrasheed holds a Bachelor's degree in Business Administration from San Jose State University (1983). Under his leadership, Arab National Bank continues to strengthen its position in corporate and retail banking while expanding sustainable finance initiatives in line with Saudi Vision 2030.

What Obaid Alrasheed could bring to his Vice Chairman role at SHL Finance Company: With four decades of banking sector expertise, deep knowledge of retail and corporate finance, and proven track record managing a major Saudi financial institution, Alrasheed brings strategic credibility and operational discipline to SHL's governance. His simultaneous leadership of Arab National Bank, coupled with directorships at Saudi Chemical Co. and medical services entities, positions him to guide SHL's financing strategies and risk management frameworks with sophisticated institutional oversight aligned with Saudi Vision 2030 objectives.