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Bahrain FinTech Bay (BFB), the largest FinTech hub in the Middle East and Africa, got a new CEO earlier this week. After much deliberation involving several prominent business leaders in the country, the FinTech Consortium has named Khalid Esam Saad as the new CEO.

In his new role, Khalid Saad will collaborate with BFB board members to develop a roadmap for the organization, and oversee the implementation of its long and short-term goals.

He will also play a key role in ensuring coordination among different BFB stakeholders, including founding partners, regional and global FinTech firms, various government bodies, among others. Additionally, he is also tasked with overseeing the management, partnerships and activities of BFB’s local team.

Prior to his new role as the BFB CEO, Khalid Saad was working with the Bahrain Economic Development Board (EDB) for eight years as a Business Development Manager and got the opportunity to build a solid relationship with the industry.

During his tenure with the EDB, Khalid Saad played an important role in the development of the FinTech ecosystem in the country.

“I am pleased today to announce the appointment of Khalid Saad as the CEO of Bahrain Fintech Bay. Khalid is the ideal person for the role given his background and outstanding enthusiasm for all things FinTech. We are confident that this appointment will only further strengthen the capabilities of BFB and the proposition it offers all of its stakeholders,” said Maissan Al Maskati, Chairman of FinTech Consortium Bahrain.