The board of directors of the Saudi Real Estate Refinance Company announced that Majeed Al-Abduljabbar will assume the role of CEO, effective Jan.1, 2024, to succeed former CEO Fabrice Susini, after obtaining clearance from Saudi Central Bank.
Al-Abduljabbar is considered one of the leading executives in the Kingdom based on his professional career of 26 years within the public and private sectors of the financial and banking industry.
SRC’s board of directors expressed their gratitude to Susini, for his extensive efforts over the years in strengthening the company’s position in the Kingdom’s real estate finance sector.
Al-Abduljabbar has held various important positions during his career; most notably, he was serving as the director of risks at the Capital Markets Authority, and as a senior adviser to the chairman of the board for the CMA, during which he worked on a number of initiatives in line with the objectives of the Kingdom’s Vision 2030.
SRC is wholly owned by the PIF and headed by Minister of Municipal and Rural Affairs and Housing Majed bin Abdullah Al-Hogail.
