Khalid Al-Amoudi has been the CEO of the Saudi Real Estate Development Fund (REDF) since July 2017.
For the past five years, he has also been the head of real estate finance and senior vice president of the National Commercial Bank, AlahliNCB.
His responsibilities have included leading the NCB market share, orchestrating customer-experience initiatives, and managing mortgage business.
Al-Amoudi has held various positions at the NCB over a period of more than 20 years, working in branch and segment management during his first seven years with the organization.
Between 2007 and 2013, he held the role of vice president for mortgage sales and distribution and led NCB’s mortgage customer outreach program between 2007 and 2011.
He was a product manager in Samba Financial Group’s cash management department between 2004 and 2005.
Al-Amoudi obtained a bachelor’s degree in industrial management from King Fahd University of Petroleum and Minerals, in Dhahran. He also attended a strategic thinking and management for competitive advantage program at the University of Pennsylvania, in the US.
The REDF recently deposited SR863.8 million in the accounts of Sakani housing scheme beneficiaries, SR140.3 million of which was in support of subsidized mortgage contracts and SR723.5 million for recipients of the military support initiative.
Al-Amoudi said that the REDF would continue to provide its services to all registered beneficiaries in line with the Sakani housing program’s goal of increasing the proportion of Saudi homeowners to 60 percent by 2020 and 70 percent in 2030.