Dr. Fahd Al-Shathri, deputy governor of the Saudi Arabian Monetary Agency

Dr. Fahd Al-Shathri
Updated 19 May 2019

Dr. Fahd Al-Shathri, deputy governor of the Saudi Arabian Monetary Agency

Since June 2018, Dr. Fahd Al-Shathri has been the deputy governor of the Saudi Arabian Monetary Agency (SAMA). He was previously the deputy governor for research and international affairs at the same agency, a position he held for two years from 2016.

Al-Shathri served as an economic adviser to the Ministry of Finance between 2000 and 2011, and in 2009, he joined the board of the Islamic Corporation for the Development of the Private Sector (ICD).

In 2011, Al-Shathri was appointed an adviser to the executive director of the International Monetary Fund (IMF) in Washington. Later that year, he was appointed an alternate executive director of the IMF, before becoming an executive director — and an executive board member — in 2013.

Al-Shathri holds a bachelor’s degree in accounting from King Saud University and a master’s degree in economics from King Saud University in Riyadh. He received his Ph.D. in public finance from Lehigh University, in Bethlehem, Pennsylvania. He has written analytical columns for several Saudi publications on issues related to the US, Saudi Arabia and other Gulf Cooperation Council states.

Earlier this month, Al-Shathri attended the inauguration ceremony for First Abu Dhabi Bank’s (FAB’s) new Riyadh Branch, along with several other officials, including Dr. Ahmed Abdulkarim Alkholifey, governor of SAMA; Khaldoon Khalifa Al-Mubarak, chairman of FAB’s board executive committee; Jassim Mohammed Al-Siddiqi, chairman of FAB’s board audit committee; and other members of the bank’s leadership team.

The opening of FAB’s Riyadh Branch is expected to further strengthen commercial ties between the UAE and Saudi Arabia.


Saudi Cabinet condemns Turkey’s actions in Syria

The king briefed the Cabinet on the results of talks with Russian President Putin, who visited Saudi Arabia on Monday. (SPA)
Updated 18 min 22 sec ago

Saudi Cabinet condemns Turkey’s actions in Syria

  • Use of political means stressed to resolve crisis

RIYADH: Saudi Arabia on Tuesday reiterated its call to adopt political means to resolve the Syrian crisis. Condemning Turkey’s actions in northeastern Syria, the Saudi Cabinet called for measures that would not only uphold international laws but also ensure the security of Syria and other countries in the region.
The Cabinet meeting, chaired by King Salman in Riyadh, referred to the demands made by an emergency meeting of the Arab League Council, which called on the UN Security Council to take steps to curb Turkish aggression.
The king briefed the Cabinet on the results of talks with Russian President Vladimir Putin, who visited the Kingdom on Monday.
The Cabinet commended the Saudi-Russian energy partnership and signing of cooperation agreements between the two oil-producing countries.
It also commended the alignment between the ambitions and strategic objectives of the Kingdom’s Vision 2030 and Russia’s strategic development plans.
The Cabinet also reviewed the talks between Crown Prince Mohammed bin Salman and the Russian president.

HIGHLIGHTS

• The Cabinet commended the Saudi-Russian energy partnership.

• The Cabinet congratulated Kais Saied on winning the presidential elections in Tunisia.

Media Minister Turki Al-Shabanah, in a statement to the Saudi Press Agency following the session, said that the Cabinet reviewed the Saudi-Russian CEO Forum, citing the future of energy, solutions for its sustainability, existing and future investments between the two countries, opportunities for joint cooperation, agricultural sustainability and global food security through the Saudi-Russian Committee and within the framework of the Kingdom’s keenness for a sustainable national economy and as one of the growing economies of the G20.
The Cabinet congratulated Kais Saied on winning the presidential elections in Tunisia and wished the country steady progress and prosperity.
The minister said that the Cabinet reviewed several reports on the latest regional and global developments.
The Cabinet also renewed the Kingdom’s condemnation of the bombings that targeted a bus carrying security forces in the city of Jalalabad in eastern Afghanistan, and the terrorist attack on a mosque in the Salmousi area north of Burkina Faso, resulting in a number of deaths and injuries.
The Kingdom stressed its solidarity with Afghanistan and the government of Burkina Faso against terrorism and extremism, wishing the injured a speedy recovery.
The Cabinet also authorized different ministries to sign memorandums of understanding with their counterparts in different countries to increase cooperation in various sectors.