Al-Mogbel was appointed to his current role in early 2020, before which he served as Al Rajhi Bank’s COO and CFO. The bank employs more than 9,360 people and has 521 branches across Saudi Arabia, Kuwait, Jordan, and Malaysia. The company recorded revenues of $7.1 billion, profits of $3.9 billion, and assets worth $166.3 billion in 2021. In April 2022, Al Rajhi Bank announced that it had made donations worth $1.9 million to Saudi’s national campaign for charitable work. Al-Mogbel is also a board member of Al Rajhi Takaful and the chairman of Emkan Finance and neoleap.