The Saudi National Bank (SNB) appointed Saleh Alfuraih (Linkedin) as CEO of its digital venture and payment unit, according to a statement by the bank yesterday. Alfuraih will be tasked with establishing a new entity that will see the bank grow its portfolio of digital banking and payments services, it said, without providing further details. Alfuraih has more than 25 years of experience in the financial sector and fintech. He was Cenomi’s Fintech lead in 2021-2023 and was previously e-commerce outfit Noon’s KSA country manager. He’s a veteran of both Bank Albilad and Al Rajhi Bank.
More from Enterprise
Saudi banks’ deposits outpace lending in 2Q
Deposits grew 2.7% q-o-q while net loans and advances rose…
Nvidia targets USD 500 bn in third-party financing to fuel AI data center boom
The chipmaker is teaming up with Wall Street giants to…
Debt + money market funds draw inflows as Saudi main-market listings stall
The rotation comes as the CMA proposes rules to make…
Barq hits unicorn status with USD 329.5 mn Series A
The fintech player plans to use the funds to support…