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Saudi Arabia replaced more than 40 senior government officials, including the investment minister, in a broad reshuffle Thursday.
King Salman appointed Fahad Al-Saif as the new investment minister, replacing Khalid Al-Falih, who was named minister of state and a member of the Cabinet, the Saudi Gazette reported.
Al Saif moves into the position after playing a pivotal role at the country’s sovereign wealth fund, where he was the head of investment strategy and economic insights. He previously held banking roles at HSBC and Saudi Awwal Bank and was an advi
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