RIYADH: Saudi Arabia’s King Salman has appointed Ayman bin Mohammed Al-Sayari as the governor of the Saudi Central Bank, the Saudi Press Agency reported on Thursday.
He is replacing Fahad Al-Mubarak, who has been named an adviser at the royal court with the rank of a minister, the agency said.
Al-Sayari was appointed as the deputy governor of the central bank on Oct. 17, 2019.
He had previously been SAMA’s deputy governor for investment since 2013, playing a key role in formulating the Kingdom’s sovereign debt strategy.
Al-Sayari obtained a master’s degree in finance at George Washington University in the US. He was awarded his bachelors in accounting from King Fahd University of Petroleum and Minerals in Dhahran and completed a general management program at Harvard Business School.
He is also a chartered financial analyst.
Al-Sayari is a board member of the Saudi Fund for Development, which participates in investment projects in developing countries by granting loans and providing technical aid for financing studies. He is also a board member of the Public Pension Agency and the Saudi Federation for Cybersecurity and Programming.
Al-Sayari began his professional career as a financial analyst for the Saudi Industrial Development Fund. Before joining SAMA in 1999, he earned an investment analyst certificate from Chase Manhattan Bank.
