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Tuesday, October 19, 2021

Dr. Ahmed Al-Kholifey appointed as the adviser at the Saudi Royal Court.

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He had been the Saudi Central Bank governor and now appointed as the adviser at the Saudi Royal Court.

Dr Ahmed Al-Kholifey, who has been the governor of the Saudi Central Bank since 2016, has been appointed as an adviser at the Royal Court, with the rank of minister. Al-Kholifey acquired a bachelor’s degree in law from the King Saud University. He also received a master’s degree in business management and a PhD in economics from Colorado State University, US. He commenced his profession as a legal specialist at the Ministry of Petroleum and Mineral Resources, which was in 2019 divided into ministries — the Ministry of Industry and Mineral Resources and the Ministry of Energy. In 1995, he joined SAMA, wherein he worked as a financial adviser and director-general of its economic research and records section.

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In 2011, Al-Kholifey was selected as the executive director for Saudi Arabia at the International Monetary Fund, which he held until 2013. He was appointed SAMA’s deputy governor for research and international affairs. Three years later, a royal order appointed Al-Kholifey as SAMA governor before another order relieved him from his position, appointing him as a marketing consultant at the Royal Court. Al-Kholifey has lately been awarded Central Banker of the Year for the Middle East 2020 by The Banker magazine in London. The award recognizes SAMA’s measures to guard the banking sector and the broader economy against harm in the wake of the COVID-19 pandemic and the body’s innovation agenda, even in the middle of the crisis. “SAMA has pulled out all of the stops during 2020 in a bid to protect banks and local organizations from the impact of lockdown measures designed to restriction the spread of COVID-19, together with the collapse in the Kingdom’s oil sales in the wake of the global economic crisis,” The Banker stated on its website when announcing this year’s awards.

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