Saudi King appoints Ayman bin Mohammed Alsayari as new central bank governor

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Saudi Arabia’s King Salman has issued a decree appointing Ayman bin Mohammed Alsayari as central bank governor replacing Fahad al-Mubarak, the official Saudi Press Agency (SPA) reported on Thursday.

The King also issued a decree appointing al-Mubarak as a royal court advisor.

Alsayari was appointed as deputy governor of the central bank in 2019.

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Prior to that, he served as the deputy governor for investment at the bank, a position he has held since 2013.

Al-Mubarak, a former Morgan Stanley banker, was also governor from 2011 to 2016, and was reappointed to the role in January 2021.

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