Wassim Al Khatib

Wassim Al Khatib is the Chief Executive Officer (CEO) and a Board Member of Lazard's Financial Advisory business in the Middle East and North Africa (MENA). He joined Lazard in January 2023, with his base in Riyadh, which serves as the regional hub for MENA Investment Banking. His appointment was part of Lazard's strategy to enhance its engagement with clients in the region, leveraging his extensive experience in financial advisory and investment banking.12

Professional Background

Before joining Lazard, Al Khatib was the CEO and a board member of Citigroup Saudi Arabia. He also held the position of Managing Director and Head of Investment Banking at NCB Capital, where he played a significant role in leading major market transactions totaling over USD 80 billion across M&A, capital markets, and advisory services.13 Additionally, he has served as Vice Chairman of the Arranging and Advising Committee of Saudi Arabia’s Capital Markets Authority since 2021.2

Education

Wassim Al Khatib holds a Bachelor’s degree in Computer Engineering from Pennsylvania State University and completed a General Management Program at Harvard Business School. His educational background complements his extensive professional experience in the financial sector.34

Leadership and Contributions

Al Khatib is recognized for his contributions to significant transactions in the MENA region and has been involved in various governance roles within private and listed companies. He is also an active member of organizations like the Young Presidents’ Organization (YPO) and the Tomouh Community of Leaders (TCL).34

In summary, Wassim Al Khatib is a prominent figure in investment banking within the MENA region, bringing over 17 years of experience to his role at Lazard, where he aims to enhance financial advisory services for local and international clients.