GAC names Fahd Al-Shathri as CEO

Logo of The General Authority for Competition (GAC)

The General Authority for Competition’s (GAC) board appointed Fahd bin Ibrahim Al-Shathri as CEO, according to a statement.

Al-Shathri obtained his PhD in economics from Lehigh University, US. He is considered one of the influential leaders in the economic and financial sector, as he led and directed economic research activities at the Saudi Central Bank (SAMA). This is in addition to his contribution to leading the process of developing policies and regulations that support the Kingdom's overall economic policies and decisions, especially those related to monetary policy and achieving financial stability.

Furthermore, Al-Shathri assumed leadership of supervisory and regulatory oversight tasks at SAMA, in addition to his responsibilities in representing the Kingdom in a number of working groups and international organizations, most important of which is his work as executive director and board member  of the International Monetary Fund, his representation of the Kingdom in the G20, membership of the Basel Committee on Banking Legislation, and his chairmanship of the Technical Committee of the Islamic Financial Services Board.

Al-Shathri is also a member of a number of organizations, including his chairmanship of the Small and Medium Enterprises Finance Guarantee Council (Kafala), Vice Chairman of the Board of Trustees of the Financial Academy, and his membership in board of the Social Development Bank, the Arab Fund for Economic and Social Development, the Zakat, Tax and Customs Authority, and the General Investment Authority. This is in addition to his active contribution to the establishment of a number of public organizations and companies, such as the Financial Academy, the Small and Medium Enterprises Bank, and the Saudi Real Estate Housing Guarantee Services Company (Dhamanat).