Meet Sarah Al-Suhaimi, First Woman To Chair Saudi Stock Exchange

Sarah Al-Suhaimi's story is one of breaking barriers and making history in Saudi Arabia's financial world. At 44, she has already handled billions of dollars in investment funds and achieved a remarkable feat as the first chairwoman of the Saudi Stock Exchange. Her journey is not just about her success but also reflects the evolving role of women in the Saudi workplace.

Breaking Stereotypes and Rising Through the Ranks

Sarah was born into a family deeply rooted in banking. Her father, Jammaz Al-Suhaimi, held prestigious positions in the Gulf Bank and Saudi Arabia’s Capital Markets Authority. Following in her father's footsteps, Sarah pursued a degree in accounting at King Saud University. But she didn't stop there; she went on to Harvard Business School, where she graduated with top honours, setting the stage for her exceptional career ahead.

Despite her lineage, Sarah faced scepticism and bias as she entered the finance world. When she joined Samba Financial Group's investment division, she was often doubted by colleagues who questioned her abilities and assumed she only got the job because of her father's connections. But Sarah's determination and talent spoke for themselves, earning her recognition and respect as she rose through the ranks. Her pivotal moment came when she insisted on joining her bank's training program, eventually rising to become a senior portfolio manager handling billions in investments.

From Executive to Chairwoman

Sarah's career trajectory continued upward as she became the Chief Executive of NCB Capital, which later merged with Samba to become  Saudi Arabia's largest commercial bank. However, her most groundbreaking achievement came in 2017, when she was elected as the first chairwoman of the Saudi stock exchange, Tadawul. This appointment made waves not only in Saudi Arabia but globally, as she led Tadawul through significant milestones, including the listing of the Saudi Arabian Oil Co.

Sarah J. Al Suhaimi's tenure as CEO of NCB Capital, the investment banking arm of Saudi  Arabia's largest bank, the National Commercial Bank, marked a pivotal chapter in her career. Under her guidance, NCB Capital emerged as a leading player in the regional financial landscape, pioneering innovative investment strategies and delivering exceptional results for clients.

Prior to her role at NCB Capital, Sarah J. Al Suhaimi served as the Chief Investment Officer for Jadwa Investment and distinguished herself as a Portfolio Manager with Samba Capital. Her expertise in investment management and her keen insight into market dynamics have earned her widespread acclaim and recognition within the industry.

Adding to her list of achievements, in a landmark announcement in September 2022, Sarah J. Al Suhaimi was appointed as the Chair of Lazard's Financial Advisory business in the Middle East and North Africa. This prestigious role underscores her global stature as a trusted advisor and thought leader in the field of finance, further cementing her legacy as a trailblazer and visionary.

Navigating Challenges with Grace and Vision

Sarah's leadership skills were put to the test during turbulent times, from economic downturns to the COVID-19 pandemic. Yet, she emerged as a steady hand, navigating Tadawul through these challenges with grace and resilience. Her ability to build trust and foster relationships has been lauded by business experts, showcasing her adaptability and foresight in the face of adversity.

Also, her ability to build trust and adapt to changing circumstances has set her apart as a visionary leader. She remains committed to promoting diversity and fairness in the finance world, recognizing the importance of inclusivity in driving innovation and success.

Beyond her formidable presence in the financial realm, Sarah J. Al Suhaimi actively engages in philanthropic endeavours and cultural development initiatives. She serves on the Board of Directors of the Saudi Cultural Development Fund, leveraging her expertise to promote cultural exchange and heritage preservation. Additionally, her role on the Board of Directors of Saudi Airlines and the General Authority of Statistics highlights her multifaceted contributions to the advancement of diverse sectors within the Kingdom of Saudi Arabia.

From her pioneering role at Tadawul to her strategic leadership at NCB Capital and beyond, Sarah J. Al Suhaimi continues to redefine the contours of the financial world with her spirit and astute foresight.