Bahrain’s King Hamad bin Isa Al Khalifa issued a decree appointing Khalid Ibrahim Hamidan as the Governor of the Central Bank of Bahrain for a tenure of five years. Effective February 1, 2024, the decree will be implemented, according to the Bahrain News Agency (BNA).
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Hamidan’s appointment follows the tenure of Rasheed Mohamed Al Maraj, who has held the position of Bahrain’s central governor since January 2005.
The newly appointed governor,Khalid Ibrahim Hamidan, brings valuable expertise to the role, as he has been a member of the Board of Directors of the Central Bank of Bahrain. Additionally, since August 2019, he has served as the Chief Executive Officer (CEO) of the Bahrain Economic Development Board.
Hamidan has more than 20 years of experience in capital markets and investment. He has held various positions at Bank BNP Paribas and has been serving as the president of Bahrain Bay Fintech since November 2019. Additionally, Hamidan has been a board member of Mumtalakat since 2014.
In 1996, Hamidan graduated from Lehigh University, United States (U.S.), earning a bachelor’s degree in commercial and administrative economics.
Al Maraj
Rasheed Mohammed Al Maraj is the Governor of Central Bank of Bahrain since January 2005. During his career, he occupied several leadership positions, the last of which was the General Manger and Executive Chief Officer of the Arab Petroleum Investments Corporation (APICORP) during the period from 1999 to 2005.
Al Maraj chaired the Board of Bahrain Telecommunication Company (BATELCO) in 2004. He was a member of the Board of Directors of the Bank of Bahrain and Kuwait during the period from 1999 to 2005, and the Telecommunications Regulatory Authority (TRA) in Bahrain during the period from 2002 to 2003. He is a member of Bahrain Economic Development Board since 2000 and a member of several international and financial commissions and organizations. Mr. Al Maraj holds a Bachelors of Industrial Engineering from the University of Houston, USA.
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