FaceOf: Homam Hashem, CEO of Saudi Arabia’s Kafalah Fund

Tue, 2018-09-25 20:30

Homam Hashem is the chief executive officer at the Kafalah Fund, a financing guarantee program for small- and medium-sized enterprises.

On Saudi’s 88th National Day, Hashem elaborated on the importance of the Kafalah Fund and how supporting SMEs contributes to the economic reform of the Kingdom in accordance with Vision 2030. 

He said: “One of the main objectives of Vision 2030 is to increase the contribution of the SME private sector to 35 percent of GDP.” He pointed out that small and medium enterprises play an important role in raising financing opportunities and pave the ways to success.

Hashem studied computer information systems, receiving his bachelor’s degree from King Fahd University of Petroleum and Minerals in 1992. He also holds a diploma in banking operation management from the Institute of Public Administration.

He began his career in 1993 as a systems analyst and programmer at the head office of the Banque Saudi Fransi in Riyadh. A year later, he joined Samba Financial Group as a credit MIS senior manager for four years before moving on to Al-Rajhi Bank to occupy another senior manager post.

Hashem then spent five years simultaneously working for the Arab National Bank as a cards credit cycle manager, and Visa as a risk adviser. From there, he became Al-Yusr Leasing and Financing’s chief operations officer from 2005 to 2013. 

In 2015, he served as chief operations officer at Tayseer Arabian Co. before returning to Al-Yusr as chief credit and collection director.

He served as a board member at Al-Farasha Financial Services and the engineering solutions company ATMATA.

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