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.
Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
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
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test Thursday-Monday at Colombo
- 3rd Test August 12-16 at Pallekele
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
From exhibitions to the battlefield
In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.
It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.
It is driving positive change through innovation and technology, helping use resources more efficiently.
It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
T20 World Cup Qualifier, Muscat
UAE FIXTURES
Friday February 18: v Ireland
Saturday February 19: v Germany
Monday February 21: v Philippines
Tuesday February 22: semi-finals
Thursday February 24: final
Abu Dhabi card
5pm: Handicap (TB) Dh100,000 2,400m
5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 2,200m
6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 1,400m
6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 1,400m
7pm: Handicap (PA) Dh85,000 1,600m
7.30pm: Maiden (PA) Dh80,000 1,600m
The National selections:
5pm: Valcartier
5.30pm: AF Taraha
6pm: Dhafra
6.30pm: Maqam
7pm: AF Mekhbat
7.30pm: Ezz Al Rawasi
Selected fixtures
All times UAE
Wednesday
Poland v Portugal 10.45pm
Russia v Sweden 10.45pm
Friday
Belgium v Switzerland 10.45pm
Croatia v England 10.45pm
Saturday
Netherlands v Germany 10.45pm
Rep of Ireland v Denmark 10.45pm
Sunday
Poland v Italy 10.45pm
Monday
Spain v England 10.45pm
Tuesday
France v Germany 10.45pm
Rep of Ireland v Wales 10.45pm
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