04 Jan 2024
The Board of Directors appoints the Governor of the Central Bank of Kuwait as Chairman
GMCo’s Board decided to elect His Excellency Mr. Basel Al-Haroon as the Chairman of the Board, and His Excellency Mr. Rasheed Al Maraj as Vice Chairman. Their term of office starts on January 1, 2024, for a period of one year. The Board’s decision was taken as per 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 Mr. Basel Al-Haroon is currently the Governor of Central Bank of Kuwait, while His Excellency Mr. Rasheed Al Maraj is the Governor of Central Bank of Bahrain. Accordingly, the Gulf Monetary Council wishes success to the Chairman and the Vice Chairman in the next term. The Monetary Council also thanks the former Chairman, His Excellency Mr. Ayman Alsayari, Governor of the Saudi Central Bank, for his efforts and wise management during the previous term.