Abdulmohsen A. Al-Fares

Abdulmohsen A. Al-Fares

Abdulmohsen A. Al-Fares

Managing Director & CEO | Alinma Bank, Saudi Arabia

Abdulmohsen Al-Fares is the managing director & chief executive officer at Alinma Bank.  His career has spanned nearly 35 years, beginning in 1983 with the Saudi Arabian Monetary Agency, where he spent 18 years, eventually serving as the director of the General Accounting department.

He previously worked at Ernst & Young in Los Angeles, served as the director general of the Saudi Arabian Department of Zakat and Income Tax, and held the position of managing director for financial services at Abdul Latif Jameel Group.

In 2006 Al-Fares was selected to serve as the founding Chief Executive Officer of Alinma Bank, taking on all responsibilities related to its establishment and launch.  He further led the efforts to establish and launch Alinma Investment Company, Alinma Tokio Marine Company, and Ersal Money Transfer.

Al-Fares is active member of the Saudi Arabian business community and has served on numerous boards of directors including those of the following organizations: Alinma Bank, Alinma Investment Company, Alinma Tokio Marine Company, Saudi Basic Industries Corporation (SABIC), Saudi Arabian Airlines, Islamic Corporation for the Development of the Private Sector( IDB group), Saudi Arabian General Investment Authority (SAGIA), General Organization for Social Insurance ( GOSI), Riyadh Regional Council, and others.

He attended and participated in several conferences and seminars specialized in banking, finance, accounting, management, and information systems. He speaks regularly on topics related to Accounting, Auditing, and Islamic banking and its efficacy.

Al-Fares holds a bachelor’s degree in accounting from King Saud University (1982) in Saudi Arabia, and a master’s degree in accounting from Western Illinois University in the United States (1989). He further obtained his CPA in 1995.