{"id":94289,"date":"2025-02-11T00:00:00","date_gmt":"2025-02-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/11\/efg-hermes-ksa-taps-khalid-al-sweilem-as-chairman\/"},"modified":"2025-02-11T00:00:00","modified_gmt":"2025-02-11T00:00:00","slug":"efg-hermes-ksa-taps-khalid-al-sweilem-as-chairman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/11\/efg-hermes-ksa-taps-khalid-al-sweilem-as-chairman\/","title":{"rendered":"EFG Hermes KSA taps Khalid Al Sweilem as chairman"},"content":{"rendered":"

EFG Hermes KSA taps new chairman:<\/strong> Our friends at EFG Hermes appointed Khalid Al Sweilem (LinkedIn<\/a>) as chairman of the firm\u2019s Saudi arm as the investment bank continues to push into the Saudi market, according to a statement (pdf)<\/a>. Al Sweilem wears several hats in tandem with his new role, including chairman of asset management firm Ninety One Capital Saudi Arabia<\/a> and visiting scholar at Stanford University\u2019s Center for Sustainable Development and Global Competitiveness<\/a>. His career of over 30 years has also seen him serve as the Saudi Central Bank\u2019s head of investment.<\/p>\n

ICYMI-<\/strong> EFG Hermes made a play for the Saudi market in November with the launch<\/a> of a USD 300 mn Saudi Education Fund, a few months after EFG Holding\u2019s CEO Karim Awad announced<\/a> the company\u2019s plan to increase its staff in the Kingdom by 30% to 47 employees amid a rush of IPO activities.<\/p>\n

What they said: <\/strong>\u201cDr. AlSweilem\u2019s appointment comes at a critical time for EFG Hermes KSA as we continue to scale our operations and introduce innovative financial solutions tailored to the evolving needs of the Saudi market. His wealth of knowledge and leadership will undoubtedly enhance our ability to deliver world-class financial services across the Kingdom,\u201d EFG Hermes KSA CEO Saud Altassan said.<\/p>\n

\n

\n

ALSO- <\/strong>Saudi En<\/a><\/strong>aya Cooperative Ins. Company<\/a><\/strong> appointed Nasr Aldin Baba (<\/strong>LinkedIn<\/a><\/strong>) <\/strong>as acting <\/strong>CEO<\/strong> for a period of six months<\/strong>, replacing Sultan Abdulrauf (LinkedIn<\/a>) who resigned in December<\/a> due to personal reasons, the company said in a disclosure<\/a> to Tadawul. Baba has upwards of 16 years of experience across a range of sectors and has served as Saudi Enaya\u2019s CFO since August 2024. He was previously CFO at Bcare Ins.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Enaya taps Nasr Aldin Baba as acting CEO<\/p>\n","protected":false},"author":1,"featured_media":94290,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2577],"tags":[3986,547,1594,10,3985,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-assiut-oil-refining-company","tag-efg-hermes","tag-efg-holding","tag-enterpriseam-ksa","tag-midor","tag-moves","wpautop","entry"],"acf":{"mongo_id":"3da9fcf1-5e6a-49a8-baae-63796b2ed58b","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/936.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Hermes KSA taps Khalid Al Sweilem as chairman","related_issue":[94273],"teaser":"PLUS- Enaya taps Nasr Aldin Baba as acting CEO","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.52c0e0bc-dc0c-4176-bca7-1b4936e9b5e2.mp3"},"yoast_head":"\nEFG Hermes KSA taps Khalid Al Sweilem as chairman - 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