Who’s Who: Sultan Al-Hamidi, CEO of the Social Development Bank

Sultan Al-Hamidi
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Updated 18 February 2024
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Who’s Who: Sultan Al-Hamidi, CEO of the Social Development Bank

Sultan Al-Hamidi was recently appointed CEO of the Social Development Bank.

Upon accepting his new role, Al-Hamidi thanked the chairman and board members for their confidence in him. He also paid tribute to his predecessor, Ibrahim Al-Rashed, for his significant contributions and forward-thinking initiatives that have markedly advanced the SDB’s mission.

“Today, alongside my dedicated colleagues, I embark on a journey to further the SDB’s developmental and innovative mandate,” stated Al-Hamidi.

Al-Hamidi brings a wealth of experience from his tenure in various vital sectors, including banking, telecommunications, and energy.

He has core expertise in retail banking, online and mobile banking, channel management, business acquisition and development, strategic planning and implementation, and management and customer experience, among other areas.

He has held key positions in the banking sector including as vice president, head of cards at Bank AlJazira, and head of alternative channels at Al-Rajhi Bank.

Prior to his new role, Al-Hamidi served as the SDB’s executive vice president of the business sector since 2019.

He was head of consumer assets at Bank AlJazira from February 2015 to October 2019.

His executive and analytical skills were instrumental in driving team performance and ensuring the timely completion of projects within a strategic developmental framework.

He was also product manager in the integration department at the Saudi Telecom Co., and project manager and head of control systems with the Saudi Electricity Co.

He earned a master’s degree in business administration from King Saud University and a bachelor’s degree in systems engineering from King Fahd University of Petroleum and Minerals.

 


Experimental farm in Al-Lith looks into future of Saudi Arabian agriculture

Updated 02 February 2026
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Experimental farm in Al-Lith looks into future of Saudi Arabian agriculture

  • Research initiative reflects strategic transformation

JEDDAH: An experimental farm in Saudi Arabia’s Al-Lith Governorate is one of the research initiatives reflecting the strategic transformation taking place in the Kingdom’s agricultural sector.

The farm uses highly efficient, sustainable production models that combine scientific research with commercial application, contributing to strengthening the country’s food security system and the sustainability of water resources.

Located in the Ghumaiqa Center on an area of about 10 hectares, the cutting-edge farm is a testing platform for modern agricultural technologies that tackle the challenge of water scarcity.

The farm includes developed open fields and modern greenhouses, supported by smart irrigation encompassing drip and sprinkler irrigation alongside surface and subsurface technologies.

All the systems operate via smart controls that enable the monitoring of water consumption and ensure improved efficiency, thereby achieving a balance between agricultural production and water conservation.

The farm also uses treated and diluted low-salinity seawater.

It aims to diversify agricultural water sources, reduce reliance on freshwater, and open new horizons for agriculture in coastal and semi-arid environments.

A view of the experimental farm in Al-Lith. (SPA)

The project represents a promising investment opportunity in the field of smart agriculture, enabling the development of commercially scalable production models, particularly for high-value vegetables and fruits, while reducing operational costs associated with water and energy, enhancing the economic feasibility of future agricultural projects.

In addition, the project contributes to transferring and localizing agricultural expertise, supporting local food supply chains, and creating an attractive environment for agricultural investment.

This aligns with Sustainable Development Goals and enhances the efficiency of the private sector in adopting innovative agricultural solutions.

Yahya bin Abdulrahman Al-Mahabi, the director of the Ministry of Environment, Water and Agriculture office in Al-Lith Governorate, told the Saudi Press Agency that the project represented the future of agriculture in the Kingdom.

He explained that the vision was based on investing in technology, enhancing the return on water per unit, and integrating scientific research with investment opportunities.

Al-Mahabi spoke of the experimental farm as a modern, scalable and replicable model applicable in several regions of the Kingdom, particularly in coastal environments.

Al-Mahabi highlighted the Ministry of Environment, Water and Agriculture’s commitment to supporting distinctive projects that contributed to achieving food security while developing rural areas and enhancing agricultural production efficiency, in line with the objectives of the Kingdom’s Vision 2030.