Riyadh - Mubasher: Morabaha Marina Financing Company has appointed Turki bin Mohammed Al-Baiz as the company’s new CEO.

The decision was finalized by the Board of Directors on 1 September 2026, following a recommendation from the Remuneration and Nominations Committee.

The company received a non-objection letter regarding the appointment from the Saudi Central Bank (SAMA) on 13 September.

Al Baiz is scheduled to officially assume his executive duties on 1 October 2026.

The new official brings more than 25 years of leadership and professional experience within the financial and banking sectors. His career includes founding Ejarah Financing and contributing to the establishment of the Saudi Real Estate Lease Registration Company (Sijill). He has previously held executive roles at Riyad Bank and Samba.

Al Baiz holds a Bachelor’s degree in Management Information Systems from King Faisal University and has extensive expertise in risk management, governance, and digital transformation within SAMA-regulated environments.

On 31 August, the board of directors approved the resignation of CEO Khaled bin Suleiman Al Jasser.