Riyadh, Saudi Arabia, October 2025 — SME Bank, a key financial institution under Saudi Arabia’s National Development Fund, has announced the appointment of Faisal Alhuzaymi as Acting Chief Financial Officer (CFO). In his new role, Faisal will oversee the bank’s financial strategy, treasury operations, and investment governance as SME Bank continues its mission to strengthen the small and medium enterprise ecosystem in alignment with Vision 2030.
Faisal’s appointment marks a natural progression of his distinguished career at SME Bank, where he has been instrumental in advancing the organization’s treasury and cash management frameworks. His strong financial acumen and experience across government and development finance institutions make him well-positioned to steer SME Bank’s fiscal direction during its growth phase.
Faisal has been with SME Bank for nearly three years, most recently serving as Treasury and Cash Management Executive Director. In this capacity, he has been responsible for overseeing asset and liability management, investment oversight, and liquidity strategy. As a Credit and Investment Committee (CIC) member, he has played a key role in evaluating lending transactions, managing risk portfolios, and supporting the bank’s investment in SMEs through programs such as Kafalah and Saudi Venture Capital (SVC).
Before joining SME Bank, Faisal had a long and impactful tenure at the Human Resources Development Fund (HRDF – KSA), where he served for over 12 years. As Cash Management Manager in the Treasury Department, he was responsible for optimizing liquidity, forecasting cash flows, and managing relationships with banking partners. Earlier at HRDF, as a Finance and Investment Specialist, he managed portfolios that included Murabaha, Sukuk, shares, and structured Islamic products, while contributing to key projects with consulting firms like KPMG and BCG.
Faisal also worked as a Treasury Advisor at the National Development Fund (NDF), where he supported financial policy development and capital deployment strategies to enhance the Kingdom’s investment infrastructure. He began his career at National Medical Care, gaining foundational experience as a Financial Accountant.
Faisal holds a Master of Commerce in Accounting and Finance from the University of New England (Australia), providing him with strong academic grounding in global finance, accounting principles, and investment management.
About SME Bank
The Small and Medium Enterprise Bank (SME Bank) was established by a Resolution of the Saudi Council of Ministers (No. 376, dated February 16, 2021) to serve as a cornerstone of the Kingdom’s Vision 2030 goals. The bank’s mission is to increase the SME sector’s contribution to GDP to 35% by 2030 and enhance the share of SME financing to 20% of the total loan portfolio.
SME Bank acts as an umbrella institution for all financing solutions, including debt and equity financing, loan guarantees, and strategic investments, in collaboration with key partners across the Saudi financial ecosystem. Leveraging cutting-edge technology, the bank supports digital transformation and sustainable growth for small and medium enterprises throughout the Kingdom.
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