Riyadh, 10 January 2018: Mizuho Saudi Arabia (“MSAR”) names Khalid Al Ghamdi Managing Director and Executive Board Member (subject to receiving all regulatory approvals).
In his role at MSAR, Khalid will be responsible for the growth and development of Mizuho’s franchise in the Kingdom of Saudi Arabia across various areas including financing, capital markets and advisory.
Khalid’s appointment follows the announcement of the Saudi-Japan Vision 2030, signed by the two countries in 2017, and represents a significant cornerstone in MSAR’s strategy of playing a leading role in facilitating the realisation of that Vision.
Hidefumi Takeuchi, Managing Director and Head of MENA & Central Asia at Mizuho Bank, Ltd., commented: “The appointment of Khalid represents a significant milestone in the expansion of Mizuho’s franchise in Saudi Arabia and further indicates our strong commitment to the Kingdom. We are a top-tier banking partner to numerous leading entities in the public and private sectors and Saudi Arabia continues to be a key element of our regional franchise.”
Ryuhei Fujii, President & CEO of MSAR, added: “I look forward to working with Khalid to deliver the full capabilities of our global platform to our clients in Saudi Arabia during this exciting period in the Kingdom’s economic development.”
Prior to MSAR, Khalid held various senior positions at GIB Capital for over 13 years, most recently as Acting CEO and Head of Investment Banking. Khalid has successfully completed over USD 20 billion in transactions acting as advisor and arranger to both private and public sector entities in the Kingdom including over USD 10 billion in IPOs in the Saudi market alone. Khalid began his professional career in the UK financial services industry in 1997 before returning to Saudi Arabia in 2003.
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About Mizuho:
The Mizuho group is a global financial services leader with offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Mizuho provides expertise in retail banking, corporate finance, investment banking, asset management, capital markets, and sales and trading, to help businesses develop and find new opportunities for growth.
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