With a career marked by strategic transformation, operational excellence, and institutional innovation, Al Fraih is uniquely positioned to lead the next chapter of STC Bank’s growth in the Kingdom’s evolving digital finance ecosystem.
Acting CEO
Mohammed Al Fraih
In a move that reflects STC Bank’s continued commitment to digital banking leadership, Eng. Mohammed bin Abdulaziz Al- Fraih has been appointed as the Chief Executive Officer of STC Bank—bringing with him over 27 years of experience at the intersection of technology, finance, telecommunications, and retail.
Career Journey and Cross-Sector Leadership
Al- Fraih’s professional trajectory spans both government and private sectors, where he played pivotal roles in shaping digital infrastructure, IT governance, and operational execution: • Infrastructure Lead – Saudi Central Bank (SAMA) • IT Audit Manager – STC (Saudi Telecom Company) • Assistant General Manager of IT – Alinma Bank • Assistant VP & Director of IT – Alfaisal University • VP of IT – Abdullah Al Othaim Markets • General Manager of IT – The Saudi Investment Bank • Chief Operating Officer – The Saudi Investment Bank • Chief Operating Officer – stc pay & STC Bank • Deputy CEO – STC Bank His leadership has been instrumental in advancing digital transformation initiatives across banking and telecom sectors alike.
Executive Role at STC Bank
As CEO of STC Bank, Al- Fraih will: • Spearhead the expansion of digital financial products and services • Drive operational innovation and regulatory compliance • Strengthen customer experience and technological agility • Position the bank as a key enabler in Saudi Arabia’s fintech evolution
Board Memberships and Strategic Influence
In addition to his executive role, Al- Fraih has served on several influential boards: • Board Member – Alistithmar Capital (Investment Capital Company) • Board Member – American Express Saudi Arabia These roles reflect his broader impact on financial services, corporate governance, and fintech strategy in the Kingdom.
Education and Technical Background
• Bachelor’s Degree in Computer Science – King Saud University With a rare blend of deep technical knowledge, executive leadership, and sectoral breadth, Eng. Mohammed Al- Fraih is poised to lead STC Bank into a new era of digital-first banking that aligns with Vision 2030 and the Kingdom’s broader financial transformation goals.
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