Wednesday 28 December 2011

PROFILE-Saudi C.Bank Governor Fahad al-Mubarak | Reuters

Incumbent: Fahad al-Mubarak

Term: Appointed December 2011

Key Facts:

-- Fahad al-Mubarak was appointed by Saudi King Abdullah to head the Saudi Arabian Monetary Agency (SAMA), succeeding Muhammad al-Jasser who took office in February 2009.

-- Mubarak, who comes from outside the central bank and is a private-sector, market-focused figure, was previously chairman and managing director of Morgan Stanley Saudi Arabia. He has also held the position of chairman of the Saudi stock exchange.

-- He played a role in the privatisation of Saudi Telecom and was a member of the team which discussed the partial privatisation of Saudi Arabia's National Gas Industry with international oil companies.


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