Tadawul Advanced Solutions Company – also known as Wamid, a tech-focused subsidiary of Saudi Tadawul Group, has announced the appointment of Yazeed ALDemaigi as the new Chief Executive Officer, with immediate effect. 

The company announced the news on LinkedIn stating, “Wamid announces the appointment of Mr. Yazeed Saleh Al Domaiji as the CEO of Wamid, wishing him continued success and excellence, and the achievement of further exceptional accomplishments.” 

Noelle Al-Jaweini, Chief of Cash Markets & Acting Chief of Derivatives at the Saudi Exchange, welcomed Yazeed saying, "Welcome to the Saudi Tadawul Group family, Yazeed. Looking forward to continue working with you in developing the capital markets ecosystem and wishing you the best of luck in this new post."

Yazeed also shared the news on LinkedIn stating, “I’m happy to share that I’m starting a new position as Chief Executive Officer at Wamid!” In this new role, he brings over 16 years of leadership experience in banking, financial markets, fintech and analytics.  He will be responsible for driving Wamid's strategic growth and expansion globally.

Prior to his appointment as Wamid’s CEO, Yazeed served the Capital Market Authority in key roles including, the most recent role Deputy of Strategy and International Affairs. He also served as a member on board of Fintech Saudi until October last year. He began his career with Bank Albilad as the Corporate Banking, Relationship officer. 

On the academic front, Yazeed holds a bachelor degree in Finance from King Saud University, an MSc in Finance from Texas A&M University, and certifications in business excellence from Columbia Business School, and in financial management from Cambridge Judge Business School.  

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Yazeed is likely to succeed Mohammed T. Al Nory, who has been serving the company in this position since 2021. No confirmation on his resignation is available yet officially. Currently, Al Nory also serves on the board of DirectFN, and ArchCapital. 

As per the latest report, WAMID has completed the 100 percent acquisition of Direct Financial Network (DirectFN) by buying the remaining 49 percent share for SAR 220.5 million, with the aim of building new capabilities, elevating innovation in the regional capital markets, diversifying revenues, and advancing the capital market. Previously, the company acquired a 51 percent stake in DirectFN in May 2023 for SAR 134 million. At the time, Al Nory emphasised how the acquisition would help WAMID leverage data and support global expansion. He shared the company’s vision for 2025, stating, “Wamid’s role is to enable this strategy to be executed smoothly through investing in technology and data.”