King Salman on Sunday appointed Dr. Fahd bin Abdullah Al-Mubarak as governor of the Saudi Central Bank (SAMA) at the rank of minister.
He replaced Dr. Ahmed Alkholifey, who has held the position since May 2016.
It will be Al-Mubarak’s second stint as the central bank chief. Earlier, he served as SAMA governor from December 2011 to May 2016.
Al-Mubarak obtained a bachelor’s degree in civil engineering from Southern Methodist University, Dallas, Texas in the US. He obtained master’s degrees in business administration, engineering management and accounting and taxation. He obtained a Ph.D. in business administration at the University of Houston, Texas.
Al-Mubarak has worked in several key position in the Saudi economic sector and has accumulated years of experience in the private sector. He also served as chairman of the board of the Saudi stock exchange, Tadawul, from 2003 to 2011.
Before his appointment as SAMA chief, Al-Mubarak served as a minister of state and a member of the Saudi Cabinet since 2018. He was also the Kingdom’s G20 Sherpa.
He has been a royal court adviser since 2015 and secretary-general of the G20 Saudi Secretariat. He also served as a nonexecutive member of the SABIC board of directors’ investment committee from 2017 to 2019.
Al-Mubarak also remained a member of the Saudi Shoura Council from 1999 to 2005.
Al-Mubarak has also served on the board of several companies, including Al-Alamiya Insurance, Al-Malaz Group (2000 to 2002), Mobily (1998 to 2003), Saudi Hollandi Bank, National Industrialization and the Saudi Telecom Co. He was also chairman of the board of Morgan Stanley Saudi Arabia from 2005 to 2011, and general manager of Rana Investment Co. from 1992 to 1999.
Dr. Fahd bin Abdullah Al-Mubarak, governor of the Saudi Central Bank
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Dr. Fahd bin Abdullah Al-Mubarak, governor of the Saudi Central Bank
Saudi wildlife center releases 140 wild animals into royal reserve
- This milestone reflects significant progress in the management and governance of wildlife across the Kingdom, supporting the goals of the Saudi Green Initiative and aligning with the objectives of Saudi Vision 2030
RIYADH: The National Center for Wildlife released 140 wild animals into the King Salman bin Abdulaziz Royal Reserve as part of ongoing programs to reintroduce endangered species. The initiatives aim to enhance ecological balance and restore biodiversity in natural habitats.
The release, carried out in cooperation with the King Salman bin Abdulaziz Royal Reserve Development Authority, included 30 Arabian oryx, 70 reem gazelles (sand gazelles), and 40 houbara bustards, the SPA reported on Thursday.
The initiative forms part of efforts to reintroduce species to their natural habitats and establish stable, self-sustaining wildlife populations capable of breeding, contributing to improved ecosystem functioning and sustainability.
The NCW continues to implement its strategic plans for wildlife development, with the total number of animals reintroduced through its specialized programs now exceeding 10,000.
This milestone reflects significant progress in the management and governance of wildlife across the Kingdom, supporting the goals of the Saudi Green Initiative and aligning with the objectives of Saudi Vision 2030.
