Fahad Almubarak is a Minister of State and Member of the Saudi Arabian Council of Ministers and the Saudi Arabia's

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Sherpa SHERPA (Securing a Hybrid Environment for Research Preservation and Access) is an organisation originally set up in 2002 to run and manage the SHERPA Project. History SHERPA began as an endeavour to support the establishment of a number of open ...

since 2018. He has also been a Royal Court Advisor since 2015 and the Secretary-General of G20 Saudi Secretariat as well as Member of the

SABIC Saudi Basic Industries Corporation (), known as SABIC (), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers and fertilizers. It is the second ...

Board of Directors' Investment Committee since 2017. He is a prominent Saudi Arabian businessman who served as the governor of the

Saudi Central Bank The Saudi Central Bank (), previously known as the Saudi Arabian Monetary Authority (SAMA; ), established in 1952, is the central bank of the Kingdom of Saudi Arabia. Despite the name change in 2020, the Saudi Central Bank has continued to use t ...

, the central bank of the

Kingdom of Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

, from December 2011 to May 2016. Prior to his role with the central bank, Almubarak was an entrepreneur, a businessman and an investment banker. In his capacity as the governor of the central bank, he oversaw the country's foreign reserves of around US$500 billion, regulated the banking and insurance sector, and strengthened the stability of the financial sector. During his term, Saudi Arabia maintained an investment-grade S&P credit rating of AA− with a stable outlook.

Career

Almubarak founded The Capital Group (TCG), Saudi Arabia's first licensed investment bank and led it to become one of the country's leading investment banking firms advising on several

IPOs An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, restructurings and mergers and acquisitions. The Capital Group was later acquired by

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

and continued operating under Almubarak's leadership as Morgan Stanley Saudi Arabia. Almubarak was also a founding partner and board member at Amwal Al Khaleej, one of the Middle East's leading private equity firms. In 2013, Almubarak was named the 11th most powerful personality in the Arab world. Additionally, he was a member of the negotiating team with international oil and gas companies towards the partial privatization of the natural gas industry in Saudi Arabia. Almubarak was also one of the key members of the committee responsible for the corporatization and had played a leading role in the privatization of

Saudi Telecom Company The Saudi Telecom Company (shortened to stc; ), trading as STC Group provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and br ...

and assisted in preparing privatization studies on the Saudi Postal Services. He was also a founder and an executive partner at Malaz Group, a diversified investment firm based in

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

. He has 24 years of work experience and has worked in executive management positions providing investment and corporate finance advisory services. From 1992 to 1999, Almubarak served as the CEO of Rana Investment Company where he launched and managed several private equity and alternative investment funds. During his incumbency, Almubarak steered Rana Investment Company from a local company to an internationally recognized investment company within a short span of time. He has also worked extensively on various regional projects in the Middle East. Almubarak had also served for eight years on the Shoura Council, the country's consultative body during which he served as the vice chairman of its economic and energy committee. He is also a member of numerous national and regional economic and charitable committees.

Memberships and boards

Fahad Almubarak served on a number boards of directors, including: * Chairman of the Board of the

Saudi Arabian Monetary Agency The Saudi Central Bank (), previously known as the Saudi Arabian Monetary Authority (SAMA; ), established in 1952, is the central bank of the Kingdom of Saudi Arabia. Despite the name change in 2020, the Saudi Central Bank has continued to use t ...

, Saudi Arabia's central bank * Chairman of the Board of

Tadawul Saudi Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal f ...

, the Saudi stock exchange * Member of the Board of

Saudi Hollandi Bank The Alawwal Bank (), previously known as Saudi Hollandi Bank, was a Saudi Arabian bank based in Riyadh, Saudi Arabia. It was the first operating bank in the Kingdom of Saudi Arabia and was founded in 1926 as a branch of the Netherlands Trading ...

* Chairman of the Board of

Saudi Arabia * Chairman of the Anti-Money Laundering Permanent Committee in Saudi Arabia * Member of the Board of

* Member of the Board of

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(Mobily) * Member of the Board of Amwal Al Khaleej * Member of the Board of

Majid Al Futtaim Group Majid Al Futtaim Holding () is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa. The firm was established by M ...

* Member of the Board of Malaz Group * Member of the Endowment's Board at

King Fahd University of Petroleum and Minerals King Fahd University of Petroleum and Minerals (KFUPM) is a nonprofit research university in Dhahran, Eastern Province, Saudi Arabia. Founded near the earliest local oil fields as the College of Petroleum & Minerals (1963) in response to the ...

* Member of the Board of Carrefour (Saudi Hypermarkets) * Member of the Board of National Industrialization Company

Education

Almubarak holds several academic degrees, including: * Bachelor of Science Degree in Civil Engineering from

Southern Methodist University Southern Methodist University (SMU) is a Private university, private research university in Dallas, Texas, United States, with a satellite campus in Taos County, New Mexico. SMU was founded on April 17, 1911, by the Methodist Episcopal Church, ...

* Master's degree in Business Administration (MBA) * Master's degree in Engineering Management * Master's degree in Accountancy and Taxation * PhD degree in Business Administration from the

University of Houston The University of Houston (; ) is a Public university, public research university in Houston, Texas, United States. It was established in 1927 as Houston Junior College, a coeducational institution and one of multiple junior colleges formed in ...

Personal life

Almubarak is married and has five children. He currently resides in Riyadh, Saudi Arabia.

References

{{DEFAULTSORT:Almubarak, Fahad Governors of the Saudi Arabian Monetary Agency Saudi Arabian bankers Living people 1955 births