Bloomberg News

Kuwait’s Khaled al-Saad to Head GCC Monetary Council, SPA Says

September 04, 2012

Kuwait’s Khaled al-Saad was appointed chief executive of the Gulf Cooperation Council monetary council, Saudi Press Agency reported.

Al-Saad, who served as a World Bank executive director for five years, is Kuwait’s deputy minister for higher education, the agency said, citing a statement from the council. The Riyadh-based council is responsible for unifying the monetary systems of Saudi Arabia, Kuwait, Qatar, and Bahrain.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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