Salem Abdulaziz Al Sabah (born 1 November 1951) is a Kuwaiti economist and politician who served as deputy prime minister and

minister of finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

from 4 August 2013 to January 2014. He is a member of the Kuwaiti ruling family,

Al Sabah The House of Sabah ( ar, آل صباح ''Āl Ṣubāḥ'') is the ruling family of Kuwait. History Origin The Al Sabah family originate from the Bani Utbah confederation. Prior to settling in Kuwait, the Al Sabah family were expelled from Umm ...

Education

Al Sabah was born on 1 November 1951. He graduated from the

American University of Beirut The American University of Beirut (AUB) ( ar, الجامعة الأميركية في بيروت) is a private, non-sectarian, and independent university chartered in New York with its campus in Beirut, Lebanon. AUB is governed by a private, aut ...

in 1977 receiving a degree in economics.

Career

Following his graduation Al Sabah started his career at the

Central Bank of Kuwait Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

in 1977 and served in various posts. He was the governor of the Central Bank of Kuwait from 1986 to February 2012. During his tenure he adopted reformist policies, and held the following positions: chair of Institute of Banking Studies, deputy governor at the Arab Monetary Fund and board member of Kuwait Investment Authority. He resigned from the post after criticizing the

Kuwaiti government Kuwait is an emirate with a political system consisting of an appointed judiciary, appointed government (dominated by the Al Sabah ruling family), and nominally elected parliament. Executive branch The Constitution of Kuwait was approved and p ...

's spending policies. Mohammad Al Hashel succeeded him as governor in March 2012. On 4 August 2013, Al Sabah was appointed both deputy prime minister and finance minister. He replaced Mustafa Al Shamali as finance minister. As finance minister, Al Sabah also headed the Kuwait Investment Authority. In October 2013, Al Sabah publicly stated that the economy of Kuwait could grow only if administrative reforms were realized. His tenure ended in January 2014 when

Anas Khalid Al Saleh Anas Khalid Al Saleh (; born on 11 January 1972), also known as AKS, is a Kuwaiti politician who has been serving as deputy prime minister and minister of interior and cabinet affairs, He also served as minister of finance from January 2014 to D ...

was appointed finance minister.

References

{{DEFAULTSORT:Sabah, Salem Abdulaziz 20th-century Kuwaiti businesspeople 21st-century Kuwaiti businesspeople 1951 births American University of Beirut alumni Finance ministers of Kuwait House of Al-Sabah Governors of the Central Bank of Kuwait Living people Leaders of organizations