Saeed M. Al-Ghamdi, CEO and MD of the newly formed bank following the merger of NCB and Samba

Saeed M. Al-Ghamdi
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Updated 15 October 2020

Saeed M. Al-Ghamdi, CEO and MD of the newly formed bank following the merger of NCB and Samba

Saeed M. Al-Ghamdi is managing director and CEO of the new bank that resulted from the merger between the National Commercial Bank (NCB) and the Samba Financial Group.
Before that, he was chairman of the NCB, building up more than 31 years of experience in leading positions in the Saudi financial and banking sector. He was appointed as chairman in May 2018 to lead a new era of achievements and transformation for the bank.
Al-Ghamdi served as CEO and board member of the NCB from 2013 to 2018. He led the NCB to the forefront of the Saudi Arabian banking industry for five consecutive years by driving digital transformation across the organization, developing the company’s business model and optimizing its operational efficiency to make it a leading financial institution in the Kingdom.
He has also been chairman of NCB Capital and the Saudi Credit Bureau. He serves on the board of the Real Estate General Authority and Misk Foundation and is a member of the consultative board of the College of Industrial Management at King Fahd University of Petroleum and Minerals.
He began his career at the Ministry of Defense and Aviation where he served as a computer engineer. Al-Ghamdi later moved into the banking industry and began a new career with Al-Rajhi Bank 1991, assuming several positions, including chief information officer, chief operating officer, general manager of the Retail Banking Group and vice president of the bank.
Before joining NCB, Al-Ghamdi worked as an adviser to the Governor  of the Saudi Arabian Monetary Authority, and was an adviser to the chairman of the board of directors of the NCB. He has also held a number of board memberships in Saudi Arabia and abroad during his career.
Al-Ghamdi holds a bachelor’s degree in computer engineering from King Fahd University of
Petroleum and Minerals.


G20 thinkers consider migration issues and youth unemployment in the COVID-19 era

Updated 18 min 32 sec ago

G20 thinkers consider migration issues and youth unemployment in the COVID-19 era

  • Think 20 engagement group discusses the challenges facing migrants, and ways in which they might be overcome

JEDDAH: Members of the G20’s Think 20 (T20) engagement group on Tuesday discussed migration, ways to tackle youth unemployment, and how innovative policies and programs to encourage cross-generational engagement might be developed.

The webinar for the T20’s Task Force 9 on Migration and Young Societies was hosted in cooperation with Jordan’s Center for Strategic Studies. The participants included representatives of research centers, government bodies and civil-society organizations.

The event featured two panel discussions that focused on the ways in which migration might shape the future, and how new digital platforms will affect the experiences of migrants, women and children.

During her opening speech, Princess Maha bint Mishari, the lead co-chair of the task force, emphasized the severity of the demographic challenges faced by societies and migrants, and the negative effects of the COVID-19 pandemic on “already vulnerable” groups. She said the challenges facing young people, women and migrants have been heightened by economic and educational shutdowns, closed borders and lack of healthcare infrastructure in many places.

She also noted that under King Salman, Saudi Arabia has made remarkable and unprecedented progress on many levels, politically, socially, economically and developmentally.

“These achievements are the pillars of the Vision 2030 reform program, (and show) that the Saudi leadership is committed to its pledge to build a state for the future and consolidate its position in the G20,” she said.

Paolo Magri, the executive vice president and director of the Italian Institute for International Political Studies, said that efforts to address migration issues require a multilateral approach involving countries of origin, transit and destination.

“This is especially true in light of the rising disruptions caused by the COVID-19 pandemic,” he said. “On migration, the pandemic has been a source of disruption in migration channels, the international agenda and capacity. These three major disruptions might endanger the prospects of improving migration governance.”

Amal El-Ouassif, a specialist in international relations at the Policy Center for the New South, discussed trends in African migration, changes caused by the pandemic, and the lessons that can be learned from experiences during the health crisis.

“It is important to understand what we expect in the near future,” she said. “Intro-African migration will predominantly remain within the continent, as 80 percent of migration happens within the continent.”

She added that G20 countries have a vested interest in African migration issues because much of the migration in Africa is to countries that are G20 members.

Fahad Al-Sharif, a senior research fellow at King Faisal Center for Research and Islamic Studies, highlighted some of the factors that have affected global migration over time, including early movements of humans, the two world wars, and now the pandemic.

“Many types of migrations have emerged through time, depending on the geographic, socioeconomic and push-and-pull factors,” he said. “For example, forced migrations caused by civil wars, natural disasters and ethic cleansing, among many other things.”

He also discussed legal and seasonal migrations, as well as undocumented migrants and issue of migration during the pandemic.

“Countries should deliver policies in support of irregular migrants,” Al-Sharif said. “Even though COVID-19 proved our unpreparedness and vulnerability, it also created a new opportunity for us, as individuals and countries, to engage in finding new, creative, compassionate and usable policies to face the future.”

He also offered some recommendations for ways in which the needs of undocumented migrants can be better addressed in the COVID-19 era.

“We should increase trust between these communities and health authorities,” he said. “We also need to assure communities that their members will not face any punishment.

“We also have to implement a system that allows undocumented migrants to call emergency services without the threat of retaliation. Moreover, we need to develop more robust and long-term cooperation with foreign embassies to facilitate the identification of undocumented migrants and their presence in their countries.”

The webinar concluded with a speech by Ziad Eyadat, the director of the Center for Strategic Studies, and closing remarks by Fahad Al-Turki, chair of the T20.

Saudi Arabia holds the presidency of the G20 this year and the group’s annual summit is due to be held in Riyadh in November. The T20, a network of think tanks and researchers, is one of several independent G20 engagement groups led by organizations from the host country. They focus on different sections and sectors of society and work to develop policy recommendations that will be presented to G20 leaders for consideration.

The Migration and Young Societies task force focuses on finding ways to develop skills and opportunities among young people, and encourage macroeconomic and microeconomic policies that address high youth unemployment, demographic changes, economic growth and the reform of social systems.

It is one of 11 T20 task forces working to develop research and policy recommendations on issues such as economic development, climate change, women and youth, technology and innovation, multilateralism, financing, food security, access to water, and methods of solving complex problems. They operate under the presidency of King Abdullah Petroleum Studies and Research Center, and King Faisal Center for Research and Islamic Studies.