Thalib Ali AlShamarani

Mr. Thalib has banking experience spanning more than 35 years and has held various positions including Senior Executive Vice President and Chief Risk Officer at Riyad Bank. He holds a Bachelor's degree in Business Administration from King Abdulaziz University.

Mr. Thalib Ali AlShamarani was appointed Vice Chairman of Jabal Omar Development Company effective June 30, 2021 for a period of three years. He currently holds the position of Assistant Minister of Finance for Financial Affairs.

Mr. Thalib held a number of memberships, most notably the Chairman of the Board of Directors of Riyadh Real Estate Etraa Company, member of the Board and Chairman of the Audit and Compliance Committee of the Riyad Capital Company and member of the Risk Committee of the Saudi Electricity Company. He is also Chairman at Bidaya Home Finance Company, Ithra Al-Riyad Real Estate Company, and a Director at Albalad Alameen Development & Urban Regeneration Company, Iktva, and Saudi Space Commission.

Career history

• Senior Executive Vice President and Chief Risk Officer at Riyad Bank
• Director at General Organization for Social Insurance (Saudi Arabia)
• Vice Chairman, Jabal Omar Development Company (since June 2021)
• Chairman at Bidaya Home Finance Company (since June 2021)

What Thalib Ali AlShamarani could bring to the Vice Chairman role at Jabal Omar Development Company: His 35+ years of banking and financial services expertise, particularly in risk management and compliance, positions him to strengthen governance and financial oversight of the major Makkah real estate developer. His simultaneous role as Assistant Minister of Finance for Financial Affairs brings government-level financial policy insight valuable for a publicly listed company operating in Saudi Arabia's strategic real estate sector. His track record in board-level risk and compliance across multiple financial institutions and his established relationships with Saudi financial institutions could facilitate capital management and strategic partnerships for Jabal Omar's continued development.