Appointment Dr. Fahd bin Mohammed Al Turki as Director General and Chairman of the Board of Directors of the Arab Fund

The Arab Financial Fund Board of Governors appoints Dr. Fahed M. Al-Turki as Director Basic Chairman of the Board, to finish the remaining interval of H.E Dr. Abdulrahman A. Al-Hamidy’s presidency which can finish on March fifth, 2024, and for a brand new 5-year time period 2024-2029. The appointment got here after accepting the resignation of Dr. Al-Hamidy as Director Basic Chairman of the Board. Moreover, the Board of Governors praised Dr. Al-Hamidy honest efforts and dedication since 2014.  

On this event, Dr. Al-Hamidy expressed his appreciation to the members of AMF Governing Board for accepting his resignation and for his or her assist throughout his tenure, which contributed to the AMF’s progress in offering monetary assist, capability constructing, technical help, and strengthening partnerships with regional and worldwide monetary establishments. The fund is being acknowledged as the middle for dialogue among the many policymakers within the area to debate numerous financial, monetary, financial, banking, and statistical issues, contemplating the AMF’s imaginative and prescient 2040 to be the closest companion to its member international locations.

He additionally extends his greatest needs to Dr. Fahed M. Al-Turki for fulfillment in his new obligations, acknowledging Dr. Al-Turki’s experience and management that may contribute to enhancing the progress of the Arab Financial Fund and its sister establishments: the Arab Commerce Financing Program and the Arab Regional Funds Clearing and Settlement Group (Buna Cost Platform), in reaching their strategic aims.

Dr. Al-Hamidy expresses his gratitude to the employees of the Arab Financial Fund, the Arab Commerce Financing Program, and the Arab Regional Funds Clearing and Settlement Group for his or her efforts and dedication over the previous years.

It is value noting that Dr. Fahed M. Al-Turki has beforehand held a number of management positions, together with Vice-Chairman of the King Abdullah Petroleum Research and Analysis Middle, CEO of analysis and Chief Economist at Jadaw Funding Firm, and financial skilled on the Center East and Central Asia Division of the Worldwide Financial Fund.

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