FaceOf: Mohammed Al-Jadaan, Saudi Finance Minister

Saudi Minister of Finance Mohammed Al-Jadaan arrives to attends the Euromoney conference in the Saudi capital Riyadh on May 2, 2018 . The two-day conference will focus on Saudi Arabia's finance and investments. (FAYEZ NURELDINE / AFP)
Updated 09 May 2018

FaceOf: Mohammed Al-Jadaan, Saudi Finance Minister

  • Al-Jadaan attained a degree in Islamic economics from Imam Muhammad bin Saud Islamic University.
  • Al-Jadaan: This year, we are seeking to distribute government spending in a balanced manner throughout the fiscal year.

The first quarter budget performance report for the fiscal year 2018 shows significant growth in non-oil revenues and anticipated expenditure increases on an annual basis, Saudi Arabia’s Finance Ministry recently announced. 

Minister of Finance Mohammed Al-Jadaan said: “This year, we are seeking to distribute government spending in a balanced manner throughout the fiscal year and reduce seasonal expenditure, in order to boost economic growth rates and maximize the benefits.”

He  has been finance minister since November 2016. Before this, Al-Jadaan served as chairman of the Capital Markets Authority, chairman of the board of directors of the Saudi Center for Commercial Arbitration and special adviser to the board of directors at Morgan Stanley Saudi Arabia. He was also a commercial lawyer and the co-founder of Al-Jadaan and Partners Law Firm in cooperation with Clifford Chance from 1995-2015.

Al-Jadaan attained a degree in Islamic economics from Imam Muhammad bin Saud Islamic University and a degree in legal studies from the Institute of Public Administration in Riyadh.

He specialized in commercial law, finance and financial market transactions, and directed a team of lawyers in the provision of legal services and contracts in transactions and joint ventures in the sectors of energy, petrochemicals, mining, water desalination, privatization and partnership between the public and private sector, project finance and initial public offers on the stock markets.

Al-Jadaan is also the chairman of the Financial Sector Development Program committee, the chairman of the Fiscal Balance Program committee, the chairman of the Financial Stability Committee, the chairman of the board of the General Authority of Customs, and the chairman of the Saudi side of the subcommittee of the high-level Saudi-Chinese Joint Committee.


KSRelief launches prosthetics' center in Taiz

Updated 23 January 2020

KSRelief launches prosthetics' center in Taiz

TAIZ: The King Salman Humanitarian Aid and Relief Center (KSRelief) on Wednesday launched an artificial limb center in Taiz, Yemen, providing high-quality prosthetics for up to 600 patients.

Abdulqawi Al-Mikhlafi, who is the deputy governor of Taiz, expressed his appreciation for the Kingdom’s generous support to Yemen across all sectors over the past few years, particularly in the areas of health, the environment and development.

Al-Mikhlafi said such efforts helped local authorities to deal with the many challenges they faced in providing comprehensive services to needy Yemenis.

He added that the Kingdom’s support reflected the deep historical and cultural ties between the people of Yemen and Saudi Arabia, and he praised the Kingdom for standing by the country and its government for more than 50 years.

Dr. Elan Abdul Haq, deputy governor of Taiz for health affairs, thanked KSRelief for its continued support for Taiz and Yemen, assistance he said had alleviated the suffering of millions of Yemenis during the ongoing conflict.

The head of the Artificial Limbs Center, Mansour Al-Wazei, announced that the center would begin receiving patients soon, providing vital aid to amputees for whom prosthetics meant regaining the ability to live full and productive lives.