Salem Abdulaziz Al Sabah | |||||
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Deputy Prime Minister and Minister of Finance | |||||
In office | 4 August 2013 – January 2014 | ||||
Predecessor | Mustafa Al Shamali (as finance minister) | ||||
Successor | Anas Khalid Al Saleh | ||||
Monarch | Sheikh Sabah Al Sabah | ||||
Governor of Central Bank of Kuwait | |||||
In office | September 1986 – February 2012 | ||||
Predecessor | Abdulwahab Ali Al Tammar | ||||
Successor | Mohammad Al Hashel | ||||
Monarch | Sheikh Sabah Al Sabah | ||||
Born | 1 November 1951 | ||||
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House | House of Sabah | ||||
Alma mater | American University of Beirut |
Salem Abdulaziz Al Sabah ( Arabic: سالم عبدالعزيز الصباح; born 1 November 1951) is a Kuwaiti economist and politician. A member of the ruling Al Sabah family, he served as deputy prime minister and minister of finance from 4 August 2013 to January 2014. [1]
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]
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]