SAUDI FI­NANCE MIN­IS­TER SACKED BY ROYAL DE­CREE

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

RIYADH: Saudi Ara­bia on Mon­day sacked its vet­eran fi­nance min­is­ter as the king­dom un­der­goes a ma­jor eco­nomic re­struc­tur­ing be­cause of lower oil rev­enues. Ibrahim alAs­saf “has been re­moved from his po­si­tion”, said a royal de­cree, one of a series of or­ders from King Sal­man, pub­lished by the of­fi­cial SPA news agency. As­saf, who had held the post for 20 years, was re­placed by Mo­hammed Al­jadaan, head of the Cap­i­tal Mar­ket Au­thor­ity which reg­u­lates the stock mar­ket. As­saf, 67, was re­as­signed as a min­is­ter of state and will re­main in cabi­net.– AFP

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