GULF International Bank (GIB) has announced the appointment of Abdulaziz Al Arifi as its new chairman of the board of directors.
Mr Al Arifi succeeds Fahad Alsaif, who has stepped down following his appointment as Saudi Arabia’s Minister of Investment.
Mr Al Arifi currently serves as the governor of the National Development Fund in Saudi Arabia and brings more than 20 years of professional experience in the financial and public sectors.
His distinguished career includes leadership roles such as CEO of the Private Sector Partnership Reinforcement Programme (Shareek), adviser to the General Secretariat of the Saudi Council of Ministers, and Assistant Minister at the Ministry of Transport and Logistic Services.
In the private sector, he has held senior executive positions including chief financial officer at Jadwa Investment Company, head of treasury at the National Shipping Company of Saudi Arabia, and head of finance and investment at the Capital Market Authority.
He holds an MBA from the Stanford Graduate School of Business and a bachelor of business administration from Babson College in the United States. He also serves on several boards, including his role as vice-chairman of Matarat Holding Company.
Upon his appointment, Mr Al Arifi expressed his gratitude to the outgoing chairman, Mr Alsaif, for his valuable contributions to the bank and wished him success in his new ministerial role.
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