Al-Mogbel was appointed CEO of Alrajhi Bank in 2020 and became managing director and a board member in 2022. The bank serves more than 14.5 million customers with a network of 513 branches around Saudi Arabia. It ended Q3 2023 with total assets of $213.7 billion and net income of $3.3 billion. Al-Mogbel previously held several roles at the bank, including CFO, chief operations and information technology officer in 2014, and deputy CEO in 2019.