Education:
He holds a Bachelor’s degree in Islamic Sharia (specializing in Islamic Economics) from Imam Muhammad bin Saud Islamic University and a Higher Diploma in Legal Studies from the Institute of Public Administration in Riyadh.
Private Sector Experience:
• Founding Partner at Al-Jadaan & Partners Law Firm (in association with the international law firm Clifford Chance), 1995–2015.
He specialized in commercial law, finance, and capital market transactions, leading teams of lawyers in providing legal services and drafting contracts for numerous deals and partnerships. His work spanned sectors such as energy, petrochemicals, metals, water desalination, privatization, public-private partnerships (PPPs), project finance, and initial public offerings (IPOs) involving equities, bonds, and *Sukuk*.
• Chairman of the Board of Directors of the Saudi Center for Commercial Arbitration, 2014–2015.
• Member of the Saudi Arabian General Investment Authority (SAGIA), 2014–2015.
• Member of the Advisory Committee of the Capital Market Authority (CMA), 2013–2015.
• Member of the Lawyers’ Committee at the Chamber of Commerce and Industry, 2013–2015.
• Member of the Advisory Committee of the Supreme Economic Council, 2009–2015.
• Registered arbitrator with the Saudi Ministry of Justice (until 2015).
Government Career:
He was appointed Chairman of the Board of the Capital Market Authority (CMA) on January 29, 2015, serving until his appointment as Minister of Finance on November 1, 2016.
He served as Minister of Economy and Planning from March 2020 to May 2021. Minister of Finance:
The Minister of Finance is responsible for formulating effective fiscal policies and managing financial resources to achieve stable economic growth, fiscal sustainability, and enhanced spending efficiency through effective governance and strengthened partnerships with the private sector, as well as bolstering the Kingdom’s influence within the regional and international financial communities.
The Minister serves as Chair or member of the following boards and committees:
Member of the Board of Directors of the Public Investment Fund (PIF) since 2016, and Chair of the Investment Committee. Governor for the Kingdom at the Asian Infrastructure Investment Bank (AIIB), since 2016.
Member of the Ministerial Council of the OPEC Fund for International Development (OFID), since 2016.
Member of the Board of Governors of the International Monetary Fund (IMF), since 2016.
Member of the Board of Governors of the World Bank, since 2016.
Chair of the Saudi side of the Saudi-German Joint Committee, since 2016.
Chair of the Saudi side of the Saudi-Italian Joint Committee, since 2016.
Head of the Kingdom’s delegation to the G20 Finance Ministers and Central Bank Governors meetings, since 2016.
Member of the Board of Governors of the Islamic Development Bank (IsDB), since 2016.
Member of the Board of Governors of Arab financial institutions, since 2016.
Member of the Saudi-Syrian Joint Committee, since 2016.
Member of the Council of Arab Finance Ministers, since 2016.
Chairman of the Board of Directors of the General Authority of Zakat and Tax (GAZT), from 2017 to 2021.
Chairman of the Preparatory Committee and Head of the Executive Team managing the Saudi Aramco Initial Public Offering (IPO), since 2017.
Chairman of the Financial Sector Development Program Committee, since 2017.
Chairman of the Fiscal Sustainability Program Committee, since 2017.
Chairman of the Financial Stability Committee, since 2017.
Chairman of the Board of Directors of the General Authority of Customs, from 2018 to 2021.
Chair of the Saudi side of the Finance Subcommittee of the Saudi-Chinese High-Level Joint Committee, since 2018.
Member of the Board of Directors of Saudi Aramco, 2018.
Chairman of the Board of Directors of the General Authority of State Real Estate, 2018.
Chairman of the Board of Directors of the General Organization for Social Insurance (GOSI), since 2020.
Chairman of the Board of Directors of the Expenditure and Project Efficiency Authority. Chairman of the Government Projects & Programs Expenditure & Projects Efficiency Authority (EXPRO), since 2021.
Chairman of the Board of Directors of the General Authority for Awqaf, since 2022.
Chairman of the Board of Directors of the National Center for Privatization & PPP, since 2019.
Chairman of the Board of Directors of the Saudi Authority for Accredited Valuers (Taqeem), since 2020.
Chairman of the Board of Directors of the Zakat, Tax and Customs Authority, since 2021.
Chair of the International Monetary and Financial Committee (IMFC) – International Monetary Fund, since 2024.
Member of the Board of Directors of the Riyadh Non-Profit Foundation, since 2024.
Member of the Board of Directors of the Supreme Committee for Hosting the 2034 World Cup.