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After a rather successful stint, H.E. Khalid Al Rumaihi is calling it a day as the Chairman of Bahrain FinTech Bay (BFB), the first-of-its-kind FinTech hub in the region. He is being succeeded by Khalid Humaidan, who will now spearhead BFB’s campaign to help Bahrain become a global powerhouse in the realm of financial services and technologies.

Those of you keeping a watch on Bahrain’s business and economy space are probably aware that Humaidan was recently picked to serve as the CEO of the Bahrain Economic Development Board (EDB)

Having previously served as the Head of Global Markets MEA for BNP Paribas, Humaidan is rich in experience when it comes to the financial sector. His keen insight into the domain is expected to be of great value to the Kingdom’s nascent but fast-growing FinTech ecosystem.

Speaking on the occasion, the new BFB chairperson noted: “I am pleased to join Bahrain FinTech Bay, which is a key pillar of our FinTech ecosystem. As Bahrain embarks on an ambitious digital transformation journey, organizations like Bahrain FinTech Bay are instrumental and play a central role in the development of non-traditional sectors, like FinTech.” 

Worth noting here is that BFB, along with Bahrain’s economic regulatory board, has paved the way for new and emerging FinTech entities within the Kingdom to step up innovations and expand their global presence on a massive scale.