24 Nov 2021
The Board of Directors appoints the Governor of Qatar Central Bank as Chairman
The Board of Directors held its fifty-fourth meeting on Wednesday, November 24, 2021, corresponding to Rabi’ al-Akhir 19, 1443, at Monetary Council premises in Riyadh city. The board meeting was attended by their Excellencies the Governors of national central banks in member countries. During the meeting, His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani was selected as Chairman of the Board of Directors, and His Excellency Dr. Fahad bin Abdullah Almubarak as Vice Chairman , for the next term as of January 1, 2022 and for a period of one year. The Board resolution came in implementation of Article (9) of the Statute, which states that <<The Board of Directors shall elect a chairperson and a vice-chairperson among its members for a one-year office.>>
His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani is currently the Governor of the Qatar Central Bank, as well as His Excellency Dr. Fahad bin Abdullah Almubarak, Governor of the Saudi Central Bank. Accordingly, the Gulf Monetary Council wishes all success to the Chairman and Vice Chairman of the Board of Directors in the next term . The Monetary Council also thanks the former Chairman of its Board, His Excellency Dr. Mohammad bin Yousef Al-Hashel, Governor of the Central Bank of Kuwait, for his efforts and wise management during the previous term.