New broom in Saudi finance ministry


Issue 1025 - 03 Nov 2016 | 1 minute read

There were further signs of turbulence in Saudi policy-making when King Salman Bin Abdelaziz sacked finance minister Dr Ibrahim Bin Abdelaziz Al-Assaf on 31 October. Long-serving Al-Assaf was replaced with Mohammed Bin Abdullah Al-Jadaan, who as Capital Market Authority chairman has pushed reforms to open up the stock market. Al-Assaf – one of the last remaining senior figures from the late King Abdullah’s government – stays on in cabinet as a minister of state.

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