Riyadh, Saudi Arabia, December 2025 – Mohammed Al-Fraih has assumed the role of Chief Executive Officer at STC Bank, marking a significant leadership transition for the Kingdom’s fast-growing digital banking institution. In his new role, he will steer STC Bank’s strategic direction, innovation roadmap, and regional expansion as the organization strengthens its position as a leading digital banking operator in Saudi Arabia.
Before his appointment as CEO, Mohammed Al-Fraih served as Acting Chief Executive Officer at STC Bank, following his role as Deputy CEO, where he played a central role in shaping the bank’s operating model, digital transformation initiatives, and enterprise growth strategy.
Earlier, he held the position of Chief Operating Officer at STC Bank, where he led critical operational scale-up, governance frameworks, and service excellence programs. Prior to joining STC Bank, Mohammed was Chief Operations Officer at stc pay, strengthening the fintech platform’s operational resilience and customer-centric delivery.
He previously served as Chief Operating Officer and Chief Information Officer at The Saudi Investment Bank, where he led technology modernization, enterprise IT transformation, and digital banking enablement programs. His governance experience also includes board roles at Alistithmar Capital and American Express Saudi Arabia.
Earlier in his career, Mohammed held senior leadership roles in technology and operations at Abdullah Al-Othaim Markets, Alfaisal University, Alinma Bank, Saudi Telecom Company, and the Saudi Arabian Monetary Agency (SAMA), building over two decades of leadership experience across banking, fintech, telecom, education, and regulatory environments.
About STC Bank
STC Bank (formerly stc pay) is committed to becoming the leading regional digital banking operator in Saudi Arabia, delivering innovative financial solutions and advanced digital payment services. The bank plays a key role in supporting the Kingdom’s Vision 2030 by enabling seamless, secure, and customer-centric digital financial ecosystems.
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