Saleh Bin Ibrahim Al-Rasheed, Royal Commission For Makkah And Holy Sites CEO
Saleh bin Ibrahim Al-Rasheed serves as the chief executive officer of the Royal Commission
for Makkah and Holy Sites. Before this position, he served as governor of the Small and
Medium Enterprises General Authority (Monsha’at). Under his direction,
the authority contributed to the Kingdom’s rise from 41st to seventh place
on the Global Entrepreneurship Monitor’s index. With an investment of
SR2.8 billion ($745 million), he also helped the founding of the Saudi Venture Capital Company.
Al-Rasheed oversaw the development of the Small and Medium Enterprises
Bank to fill the financing vacuum by working with foreign banks that work with
high-risk businesses. Additionally, he launched a finance portal to connect companies
dealing with small and medium-sized businesses, which contributes to the financing
of over 3,000 firms worth over SR12 billion. Al-Rasheed was previously the CEO of
the Riyadh Airports Company, which maintains and runs King Khalid International Airport in Riyadh.
During his tenure at RAC, he oversaw the privatization and institutional reform of the company.
The organization was able to boost spending efficiency as well as operating and revenue maximization,
resulting in a net profit that was 44 percent more than anticipated. Al-Rasheed assumed control
of the Saudi Authority for Industrial Cities and Technology Zones and oversaw the development
of initiatives and projects to assist small and medium-sized businesses in the industrial sector.
Al-Rasheed holds a bachelor’s degree in computer science and information systems as well
as a master’s degree in business administration at the executive level.
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