FaceOf: Homam Hashem, CEO of Saudi Arabia's Kafalah Fund

Homam Hashem
Updated 25 September 2018

FaceOf: Homam Hashem, CEO of Saudi Arabia's Kafalah Fund

  • Hashem studied computer information systems, receiving his bachelor’s degree from King Fahd University of Petroleum and Minerals in 1992
  • He began his career in 1993 as a systems analyst and programmer at the head office of the Banque Saudi Fransi in Riyadh

Homam Hashem is the chief executive officer at the Kafalah Fund, a financing guarantee program for small- and medium-sized enterprises.

On Saudi’s 88th National Day, Hashem elaborated on the importance of the Kafalah Fund and how supporting SMEs contributes to the economic reform of the Kingdom in accordance with Vision 2030. 

He said: “One of the main objectives of Vision 2030 is to increase the contribution of the SME private sector to 35 percent of GDP.” He pointed out that small and medium enterprises play an important role in raising financing opportunities and pave the ways to success.

Hashem studied computer information systems, receiving his bachelor’s degree from King Fahd University of Petroleum and Minerals in 1992. He also holds a diploma in banking operation management from the Institute of Public Administration.

He began his career in 1993 as a systems analyst and programmer at the head office of the Banque Saudi Fransi in Riyadh. A year later, he joined Samba Financial Group as a credit MIS senior manager for four years before moving on to Al-Rajhi Bank to occupy another senior manager post.

Hashem then spent five years simultaneously working for the Arab National Bank as a cards credit cycle manager, and Visa as a risk adviser. From there, he became Al-Yusr Leasing and Financing’s chief operations officer from 2005 to 2013. 

In 2015, he served as chief operations officer at Tayseer Arabian Co. before returning to Al-Yusr as chief credit and collection director.

He served as a board member at Al-Farasha Financial Services and the engineering solutions company ATMATA.


G20 trade and investment ministers discuss COVID-19 response under Saudi Arabia's presidency

Updated 22 September 2020

G20 trade and investment ministers discuss COVID-19 response under Saudi Arabia's presidency

RIYADH: The trade and investment ministers of the G20 nations met on Tuesday under the presidency of Saudi Arabia.

Saudi Arabia's Minister of Commerce Majid Al-Qasabi told the meeting that measures adopted by the G20 in May were "critical for sustaining the flow of essential goods and services across borders and limiting the human toll of the pandemic."

Khalid Al-Falih, Saudi Arabia's minister of investment, said the collective G20 response to COVID-19 had started to deliver early signs of a "resilient, and stable economic recovery."