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Saudi king appoints new finance minister

Published: Updated:

Saudi Arabia's King Salman Bin Abdulaziz issued a Royal decree to appoint Mohammed Al-Jadaan as the new finance minister on Monday to replace Ibrahim Abdulaziz Al-Assaf.

Jaddan had previously been the chairman of the Saudi Capital Market Authority. He replaces Ibrahim Alassaf, who has been
appointed minister of state and a member of the council of ministers, according to the royal decree.

Meanwhile, the royal decree also included the appointment of Mohammed al-Qassem as president of the Saudi Red Crescent.

Hesham al-Jadei was appointed as the new head of the Saudi Food and Drug Authority to replace Mohammed Meshaal.