Sheila Al-Rowaily, who once served as treasurer of Saudi Aramco, has become the first woman to be appointed to the board of the Saudi Central Bank.
Her appointment comes after a royal decree issued by Saudi Arabia’s King Salman.
Ms Al-Rowaily is among a growing number of women taking on senior leadership roles in the kingdom and across the Gulf region.
Increasing the number of women in the workforce could raise the Mena region's gross domestic product by up to 57 per cent, or $2 trillion, a recent report by PwC showed.
Ms Al-Rowaily has served as chief executive of Wisayah Investment Company, a wholly owned subsidiary of Aramco, since 2019.
Wisayah manages Aramco’s pension funds, defined contribution funds and other long-term investment portfolios.
Ms Al-Rowaily has served in different trading and investment roles at Aramco for more than 20 years. She joined the world’s largest oil-producing company in 1998 as a money market trader and later worked as a financial analyst based in Dhahran, according to her LinkedIn profile.
In 2006, Ms Al-Rowaily moved to the energy company's office in Houston, Texas, where she served as treasurer until the end of 2007.
She subsequently returned to Dhahran to lead Aramco's portfolio management team, then became director of the investment management department before joining Wisayah.
Ms Al-Rowaily, a Sloan Fellow, attained a master's degree in business administration from the MIT Sloan School of Management.
She obtained a bachelor’s degree in interior architecture from King Faisal University and then earned an MBA in finance, from the American University of Beirut in 1997, according to her LinkedIn profile.
Apart from Ms Al-Rowaily, the decree also approved the appointment of Hamad Al-Sayyari, Khaled Al-Juffali, Rashed Al-Humaid and Abdullah Al-Abdulqader to the banking regulator's board, which is led by Saudi Central Bank Governor Fahad Al-Mubarak.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
The biog
Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico
Company%20Profile
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
'Nope'
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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FIGHT CARD
Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)
Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)
Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)
Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)
Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)
Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
