Wed 23 Sep 2009 09:47 AM
Rashid Mohammed Al Maraj
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Rashid Mohammed Al Maraj

Industry: Banking & Finance

Company: Central Bank of Bahrain

Designation: Governor

Country: Bahrain

Citizenship: Bahrain

Occupation: Governor

Rashid Mohammed Al Maraj is Governor of the Central Bank of Bahrain, which is responsible for maintaining monetary and financial stability in the kingdom. It succeeded the Bahrain Monetary Agency, which had previously carried out central banking and regulatory functions since its establishment in 1973 (shortly after Bahrain secured full independence from Great Britain).

Today the CBB manages Bahrain’s monetary and foreign exchange rate policies, manages the government's reserves and debt issuance, issues the national currency and oversees the country's payments and settlement systems. It is also the sole regulator of Bahrain's financial sector, covering the full range of banking, insurance, investment business and capital markets activities.

Al Maraj has a Bachelor of Science in Industrial Engineering degree from the University of Houston, Texas, as well as a Diploma in Project Evaluation from Strathclyde University in the UK.

He began his career in 1979 as an engineer at the Ministry of Industry and Development in Manama. Two years later he became assistant undersecretary for Economic Affairs at the Ministry of Finance and National Economy, before taking the role of undersecretary at the Ministry of Transportation in 1995. From 1999 to 2005 Al Maraj was general manager and CEO of Arab Petroleum Investments Corp in Saudi Arabia, before returning to Bahrain.