Capital Market Authority
Saudi King Abdullah appointed Al Sheikh as the new chairman of the kingdom’s capital market regulator, Capital Market Authority (CMA), in February. The CMA was established as part of reforms aimed at deregulating Saudi Arabia’s financial services industry and capital markets as the largest Arab economy considers allowing foreigners to invest on the stock market directly, rather than under a swap system.
Al Sheikh previously worked at US law firm Latham & Watkins in Riyadh and as an executive director of the World Bank.
He has experience representing sovereign wealth funds and government bodies in Saudi Arabia, particularly focusing on mergers and acquisitions, capital markets and project finance.
Al Sheikh replaced Abdulrahman Al Tuwaijri, who headed up the Capital Markets Authority since his appointment in 2006.