Saudi Arabia Removes Central Bank Governor

The video discusses the sudden leadership change in Saudi Arabia's central bank, highlighting the return of a previous governor and the expanded mandate to promote economic growth. It also covers the shift in roles between the central bank and the Public Investment Fund (PIF), which is now focusing on regulating the financial system and supporting development projects. The PIF's ambitious new targets, including increasing assets under management to over a trillion dollars, are also explored, along with the challenges of achieving these goals through large investment projects like Neom city.

What role has Kelly Fee played in the central bank since 2016?

What significant changes occurred with the central bank governor's position recently?

How has the mandate of the Central Bank changed in recent times?

What is the significance of the Public Investment Fund (PIF) in the context of the Kingdom's economy?

What are the new targets announced by the PIF, and what is their potential impact?