SME Bank gets a new CEO

The National Development Fund named Ibrahim Al Rashed (LinkedIn) as the new CEO for SMEBank, according to a statement. Al Rashed previously held C-suite positions at Al Rajhi Bank and the Social Development Bank, in addition to chairing the Saudi Fund for Startups and Small Enterprises and sitting on the boards of the Saudi Authority for Accredited Valuers, Yanbu Cement Company, and Gasco.