Ibrahim Abdulaziz Al-Assaf Ibrahim bin Abdulaziz bin Abdullah Al-Assaf
: إبراهيم بن عبد العزيز بن عبد الله العساف
; born 28 January 1949) is a Saudi politician who served as finance minister, foreign minister, and state minister of Saudi Arabia
Early life and education
Ibrahim initially pursued an academic career, becoming a teaching assistant and then visiting lecturer at King Abdulaziz Military Academy from 1971 to 1983. He was appointed an assistant professor and head of the Department of Administrative Services in 1982, and served until 1986. During that period, he also served as economic adviser to the Saudi Fund for Development
After leaving academia, Dr. Al-Assaf moved to Washington, DC
where he represented Saudi Arabia at the International Monetary Fund (IMF)
and the World Bank
. In 1986, he was appointed alternate executive director at the IMF for Saudi Arabia. He left in 1989 to take up the executive directorship for Saudi Arabia at the World Bank.
Upon his return to Saudi Arabia in 1995, he served briefly as vice governor of the Saudi Arabian Monetary
Authority, the country's central bank. He left to join the Council of Ministers
as minister of state in October 1995. In January 1996, he was appointed minister of finance and national economy, a position that was renamed minister of finance in 2003.
He replaced Abdul Aziz Abdullah Al-Khuwaiter
as finance minister.
In addition to being finance minister, Ibrahim was a member of the board of directors of Saudi Aramco
and was the chairman of the Saudi Fund for Development and a member of the Public Investment Fund board.
In July 2017, Al-Assaf led the Saudi delegation in the G20
meeting in Hamburg
In January 2018, he led a top level delegation to the World Economic Forum (WEF) in Davos.
Ibrahim Abdulaziz Al-Assaf was named foreign minister of Saudi Arabia in December 2018, replacing Adel al-Jubeir
in the post.
His tenure ended in October 2019, when Faisal bin Farhan Al Saud
was named as the new foreign minister.
On 4 November 2017, Ibrahim Abdulaziz Al-Assaf was detained in Saudi Arabia
in a "corruption crackdown" conducted by a new royal anti-corruption committee.
However, the investigation found no evidence of wrongdoing, and he returned to his official duties and his name was cleared.
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- ^ Stephen Kalin; Katie Paul (5 November 2017). "Future Saudi king tightens grip on power with arrests including Prince Alwaleed". Reuters. Retrieved 7 November 2017.
- ^ "Ibrahim Abdulaziz Al-Assaf, Minister of Finance - The Saudi Arabia Conference 2015". euromoneyconferences.com. Archived from the original on 9 July 2017. Retrieved 9 July 2017.
- ^ "Khalid bin Alwaleed: Interior design investment". Gulf States Newsletter (1017). 16 June 2016. Retrieved 20 May 2021.
Last edited on 25 May 2021, at 20:52
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