Al-Sheikh Appointed New Chief of the Saudi Capital Market Authority

King Abdullah issued a royal decree Tuesday relieving Abdulrahman al-Tuwaijri of his post as President of Capital Market Authority (CMA), the official Saudi Press Agency reported. Al-Tuwaijri was replaced with Mohammed Al-Sheikh, who has been appointed CMA President at the rank of Minister, SPA said. Al-Sheikh has been recently elected as the Executive Director, member of the Boards of Directors at the World Bank representing Saudi Arabia.