Industry: Banking & finance
Company: Saudi Arabian Monetary Agency
Country: Saudi Arabia
Fahad Al Mubarak was appointed by Saudi Arabia’s King Abdullah to head the Saudi Arabian Monetary Agency (SAMA), succeeding Muhammad Al Jasser who took office in February 2009.
Mubarak, who comes from outside the central bank and is a private-sector, market-focused figure, was previously chairman and managing director of Morgan Stanley Saudi Arabia. He has also held the position of chairman of the Saudi stock exchange.
He played a role in the privatisation of Saudi Telecom and was a member of the team which discussed the partial privatisation of Saudi Arabia’s National Gas Industry with international oil companies. Mubarak, who is from the Eastern Province, served as a member of the Shoura Council, a consultative body which advises the government on legislative matters, for six years.