Saudi Arabia’s King Salman has appointed Faisal bin Fadel bin Mohsen Al Ibrahim the new economy and planning minister in one of several royal decrees issued late on Monday night.
Mr Al Ibrahim was the deputy minister of economy and planning prior to his appointment, according to the royal decree carried by the state news agency.
He held several senior positions at the Saudi Arabian Oil Company (Aramco) and was an advisor at the Economy and Planning Ministry as well as on the Finance Committee Secretariat at the Royal Court.
The new economy minister holds a Master’s degree in business administration from the Massachusetts Institute of Technology Sloan School of Management and a bachelor’s degree from Pennsylvania State University.
Finance Minister Mohammad Al Jadaan was serving as acting economy and planning minister after Mohammed Al Tuwaijri was relieved of his duties in 2020 to serve as an advisor to the royal court.
The raft of appointments included a royal decree naming Iman bint Habas bin Sultan Al Mutairi the deputy minister of commerce – the first woman to hold the role.
With a PhD in biochemistry from the UK’s Bristol University, Ms Al Mutairi was previously assistant to the commerce minister in 2018 after starting her career as a teacher in the King Faisal University’s Chemistry department in 1993.
Filling her previous role as assistant to the…