RIYADH -- Minister of Finance Mohammed bin Abdullah Al-Jadaan has issued a decision appointing Abdullah bin Fahad bin Zaraa as head of the Executive Office of the Kingdom of Saudi Arabia at the International Monetary Fund (IMF).

The appointment of Zaraa came based on his extensive experience and in-depth knowledge in a number of financial and investment fields, public debt management, credit and asset management, corporate finance, and treasury.

Al-Jadaan appreciated the efforts of Maher Momenah, the former head of the Executive Office, during the time he spent in this position, wishing him success.

Zaraa was as Chief Operating Officer and Chief Executive Officer at the National Debt Management Center, overseeing the total debt portfolio in its various currencies, maturity dates and debt service, as well as managing the credit rating process. sovereign credit of the Kingdom and all supporting functions at the center.

For his part, Zaraa expressed his thanks and appreciation to the leadership and the Minister of Finance for their trust, which is an incentive to make greater efforts to serve the country and help strengthen the leadership role of the Kingdom financially and economically in the region in particular and in the world in general, achieving its economic and development goals in light of the Vision 2030.

Interestingly, the Kingdom Executive Office is a permanent member of the Executive Committee of the International Monetary Fund, where it represents Saudi Arabia independently in International trade, promotion of high employment and sustainable economic growth and poverty alleviation in worldwide. -- SG/SPA