Sultan Al-Hamidi was recently appointed CEO of the Social Development Bank. Upon accepting his new role, Al-Hamidi thanked the chairman and board members for their confidence in him. He also paid tribute to his predecessor, Ibrahim Al-Rashed, for his significant contributions and forward-thinking initiatives that have markedly advanced the SDB’s mission. “Today, alongside my dedicated colleagues, I embark on a journey to further the SDB’s developmental and innovative mandate,” stated Al-Hamidi. Al-Hamidi brings a wealth of experience from his tenure in various vital sectors, including banking, telecommunications, and energy. He has core expertise in retail banking, online and mobile banking, channel management, business acquisition and development, strategic planning and implementation, and management and customer experience, among other areas. He has held key positions in the banking sector including as vice president, head of cards at Bank AlJazira, and head of alternative channels at Al-Rajhi Bank. Prior to his new role, Al-Hamidi served as the SDB’s executive vice president of the business sector since 2019. He was head of consumer assets at Bank AlJazira from February 2015 to October 2019. His executive and analytical skills were instrumental in driving team performance and ensuring the timely completion of projects within a strategic developmental framework. He was also product manager in the integration department at the Saudi Telecom Co., and project manager and head of control systems with the Saudi Electricity Co. He earned a master’s degree in business administration from King Saud University and a bachelor’s degree in systems engineering from King Fahd University of Petroleum and Minerals.