RIYADH: Yousef bin Abdullah Al-Benyan was appointed chairman of the board of directors of Saudi Arabia’s Small and Medium Enterprises Bank by Crown Prince Mohammed bin Salman on Thursday.
Al-Benyan thanked the crown prince for the confidence he has shown in him, and for his continuing support of small and medium-sized businesses and efforts that help them to achieve financial stability.
He said the sector is an important pillar for economic development in the Kingdom and is helping to achieve the aims of the nation’s Vision 2030 development and diversification plan.
The new chairman also thanked his predecessor, Mohammed bin Mazyad Al-Tuwaijri, for his work at the bank since it was established in 2021.
Al-Benyan is currently the Kingdom’s minister of education, and previously served as vice chairman and CEO of chemical manufacturing company SABIC and on its investment committee.
