Leadership transition at Bank Albilad as CEO steps down, successor named

Bank Albilad has announced a leadership reshuffle, including a change at the chief executive level, following approval by its Board of Directors and regulatory clearance from the Saudi Central Bank (SAMA).

The Board confirmed that Abdulaziz Mohammed AlOnaizan has stepped down as Chief Executive Officer, effective April 23, 2026, after receiving SAMA’s non-objection. He is set to take on a new role within the bank.

In a statement, the Board expressed appreciation for AlOnaizan’s tenure, crediting his leadership with advancing the bank’s strategic growth, strengthening operational performance, and enhancing long-term value for stakeholders, including shareholders, customers, and employees.

The bank has appointed Bashaar Yahya Al Qunaibit as Chief Executive Officer, effective June 1, 2026, subject to regulatory approval already secured from SAMA. The Board congratulated Al Qunaibit on his elevation, expressing confidence in his ability to steer the bank through its next phase of growth.

Al Qunaibit brings more than 25 years of experience in banking and financial services. He most recently served as Senior Executive Vice President – Business at the bank and holds a bachelor’s degree in Business Administration, along with several professional certifications.

The leadership transition comes as the bank continues to focus on strengthening its market position and delivering sustainable growth in Saudi Arabia’s evolving financial sector. 

In parallel with the CEO transition, the bank has also approved a broader reshuffle at the board and executive levels, following regulatory clearance from SAMA. Nasser Mohammed Al-Subaie will step down as Chairman effective June 1, 2026, and continue as a board and executive committee member through the current term ending April 2028. 

AlOnaizan has been appointed Chairman of the Board and Executive Committee from the same date, transitioning to a non-executive role. 

Meanwhile, Adeeb Mohammed Abanami will relinquish his position as Vice Chairman but remain on the board and continue as Chairman of the Audit Committee, while Nasser bin Mohammed Al-Subaie has been named the new Vice Chairman. 

The Board acknowledged the outgoing leaders’ contributions, highlighting their role in strengthening governance, advancing strategic priorities, and reinforcing the bank’s long-term growth trajectory.