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Sama governor to head IFSB

Kuala Lumpur, January 28, 2009

Hamad Al Sayari, governor of the Saudi Arabian Monetary Agency (Sama), assumed chairmanship of the council and general assembly of the Islamic Financial Services Board (IFSB) for 2009.

Dr Sabir Mohamed Hassan, governor of the Central Bank of Sudan assumed the deputy Chairmanship for the same period.

Al Sayari is the 7th chairman of the IFSB and the Saudi Arabian Monetary Agency will host the IFSB Annual Meetings on March 31.

Al Sayari has been the chairman, board of directors and the governor of Sama since 1983. He has recently been ranked 17 among 50 of the most influential people in the financial community worldwide by Institutional Investor magazine, which describes Al Sayari, citing his 27 year career in charge of monetary policy, as 'a rock upon which Saudi Arabia's oil-based economy has been built.'

Prior to joining Sama in 1980, he was the director general of the Saudi Industrial Development Fund and has also served as the secretary general of the Public Investment Fund.

He is currently a member of the Supreme Economic Council, as well as a board member of the Public Investment Fund. He holds a MA (Economics) from the University of Maryland, USA.-TradeArabia News Service




Tags: banking | economy | Saudi Arabian Monetary Agency | investment | Islamic Financial Services Board |

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