New governor appointed at Saudi Central Bank
Fahad Almubarak returns for a second stint as governor of Sama
Fahad Almubarak has been named governor of the Saudi Central Bank for a second time, replacing Ahmed Alkholifey.
Almubarak was appointed to the role on January 24 by order of Saudi Arabia’s king, Salman bin Abdulaziz Al Saud. A statement published by the country’s state news agency said Alkholifey had been appointed as an adviser to the Royal Court.
Almubarak first occupied the governor’s office from 2011–16, having been appointed by Saudi Arabia’s previous king. Almubarak is a former chair of
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