Salem Abdulaziz Al Sabah

Salem Abdulaziz Al Sabah (born 1 November 1951) is a Kuwaiti economist and politician who served as deputy prime minister and minister of finance from 4 August 2013 to January 2014.[1] He is a member of the Kuwaiti ruling family, Al Sabah.

Salem Abdulaziz Al Sabah
Deputy Prime Minister and Minister of Finance
In office4 August 2013 – January 2014
PredecessorMustafa Al Shamali (as finance minister)
SuccessorAnas Khalid Al Saleh
MonarchSheikh Sabah Al Sabah
Governor of Central Bank of Kuwait
In officeSeptember 1986 – February 2012
PredecessorAbdulwahab Ali Al Tammar
SuccessorMohammad Al Hashel
MonarchSheikh Sabah Al Sabah
Born (1951-11-01) 1 November 1951
Names
Salem Abdulaziz Al Saud Al Sabah
HouseHouse of Sabah
Alma materAmerican University of Beirut

Education

Al Sabah was born on 1 November 1951.[2] He graduated from the American University of Beirut in 1977 receiving a degree in economics.[2][3]

Career

Following his graduation Al Sabah started his career at the Central Bank of Kuwait in 1977 and served in various posts.[4] He was appointed governor of the Central Bank of Kuwait in September 1986 when Abdulwahab Ali Al Tammar resigned from the post.[5] Al Sabah's tenure ended in February 2012.[3][6] During his tenure he adopted reformist policies,[7] and held the following positions: chair of Institute of Banking Studies,[3][8] deputy governor at the Arab Monetary Fund and board member of Kuwait Investment Authority.[5] In addition, he served as a member of the Kuala Lumpur-based Islamic Financial Services Board.[8] He resigned from the governorship of the Central Bank after criticizing the Kuwaiti government's spending policies.[6] Mohammad Al Hashel succeeded him as governor in March 2012.[5][9]

On 4 August 2013, Al Sabah was appointed both deputy prime minister and finance minister.[10] He replaced Mustafa Al Shamali as finance minister.[11][12] As finance minister, Al Sabah also headed the Kuwait Investment Authority.[13]

In October 2013, Al Sabah publicly stated that the economy of Kuwait could grow only if administrative reforms were realized.[14] His tenure ended in January 2014 when Anas Khalid Al Saleh was appointed finance minister.[15]

References
  1. "وزارة المالية - دولة الكويت". www.mof.gov.kw (in Arabic).
  2. "Executive Bios". Dhownet. Retrieved 21 August 2022.
  3. "Sheikh Salem Al Abdulaziz Al Sabah". APS Review Downstream Trends. 29 June 2009. Retrieved 11 October 2013.
  4. "Former Governors. Sheikh Salem Abdulaziz Al Saud Al Sabah". Central Bank of Bahrain. Retrieved 30 November 2022.
  5. Anthony Axon; Susan Hewitt, eds. (2019). Kuwait 1975/76 - 2019. Vol. 3. Leiden; Boston, MA: Brill Publishers. p. 398. ISBN 978-90-04-42381-7.
  6. Louise Armitstead (13 February 2012). "Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state". The Telegraph. Retrieved 11 October 2013.
  7. Tom Arnold (15 February 2012). "Long-serving Kuwait central bank chief resigns". The National. Retrieved 11 October 2013.
  8. "Kuwait banking". MEED. 25 January 2009. Retrieved 27 May 2023.
  9. "Kuwait to take measures to cut spending". Arabian Business. Reuters. 1 October 2012. Retrieved 11 October 2013.
  10. "Kuwait's new cabinet". GlobalPost. AFP. 4 August 2013. Retrieved 11 October 2013.
  11. "Al Shamali oil minister in new Kuwait cabinet". Trade Arabia. 4 August 2013. Retrieved 11 October 2013.
  12. Omar Hasan (4 August 2013). "Kuwait forms cabinet with new oil, finance ministers". Fox News. Kuwait City. AFP. Retrieved 11 October 2013.
  13. "The Finance Ministry, KIA & KIO". APS Review Gas Market Trends. 3 June 1991. Archived from the original on 10 June 2014. Retrieved 21 December 2013. – via HighBeam (subscription required)
  14. Martin Dokoupil. (8 October 2013). New Kuwait finance minister slams bloated administration, red tape Reuters (Dubai). Retrieved 21 December 2013.
  15. "Kuwait cabinet reshuffle brings seven new faces". Asharq Al-Awsat. London. 7 January 2014. Retrieved 10 September 2014.
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