Place of Birth: Ayoun Al-Jawa,Qassim, Saudi Arabia

Date of Birth: January 28,1949(1369H)

Present Position : Minister of Finance

Social Status: Married, has four children

• Education:
• Bachelor of Economics and Political Science, King Saud University, Riyadh, Saudi Arabia, 1971.
• Master Degree in Economics, University of Denver, Denver, Colorado, U.S.A., 1976. The thesis was OPEC: world oil market,1982-83.
• Ph.D. Economics, Colorado State University, Colorado, 1981/82, the thesis of which was A quantitative study of economic impact of the foreign manpower in the Kingdom of Saudi Arabia.

• Career History:
• Teaching assistant, King Abdulaziz Military Academy, KAMA, Riyadh, 1971-1982.
• Visiting lecturer, Staff's Academy, Riyadh, 1982-1983.
• Assistant professor, KAMA, 1982-1986.
• Head, Department of Administrative Sciences, KAMA, 1982-1986.
• Economic advisor, Saudi Fund for Development, Riyadh, 1982-1986.
• Committee Member for drawing up curriculums of military academies in Saudi Arabia, 1984-1986.
• Alternate Executive Director of IMF for Saudi Arabia, Washington, D.C., 1986-1989.
• Executive Director of the World Bank for Saudi Arabia, Washington D.C. 1989-1995, served in his capacity as:
• Chairman, MIGA Audit Committee,
• Vice Chairman, Bank/IFC Joint Audit Committee,
• Member, Personal Policy Issues Committee,
• Member, Pension Benefits Administration Committee,
• Member, Ad Hoc Committee on Share Allocations,
• Member, Ad Hoc Committee on Board Procedures,
• Chairman, Ad Hoc Committee on Rules for the Regular Election of Executive Directors (1992-1994).
• Dean of the Board of Executive Directors and Chairman of the Board of Steering Committee comprising the chairs of Board Committees, August 1993-September 1995.
• Vice Governor, Saudi Arabian Monetary Agency, SAMA, Riyadh, July - October 1995.
• Minister of State and Member of the Council of Ministers, October1995.
• Minister of Finance and National Economy, January 1996.

• Also Chairman of the Boards of Directors of:
• Public Investment Fund.
• Pension and Retirement Fund.
• Saudi Fund for Development.
• Real Estate Development Fund.

• Governor for Saudi Arabia of:
• Islamic Development Bank, Jeddah
• World Bank Group, Washington D.C.
• IMF, Washington D.C.
• Arab Funds and Financial Institutions, namely:
• Arab Monetary Fund, Abu Dhabi.
• Arab Fund for Economic and Social Development, Kuwait.
• Arab Bank for Economic and Social development in Africa, Khartoum.
• Arab Corporation for Investment Guarantee, Kuwait.
• Arab Authority for Agricultural Investment and Development, Khartoum.

• And Member of the:
• Supreme Economic Council, SEC, and Vice Chairman of its Permanent Committee.
• Higher Advisory Council for Petroleum and Minerals.
• Board of Directors of Saudi Arabian Oil Company, SAUDI ARAMCO.
• General Investment Authority, April 2000.
• Supreme Tourism Authority, April 2000.
• Vice Chairman, Higher Committee for Administrative Reform.
• Higher Council for Islamic Affairs.
• Higher Council for Universities.
• Civil Service Council.
• Manpower Council.
• Military Service Council.
• Higher Council for Civil Defense.
• Saudi Economic Association.