| Succession: | Deputy Prime Minister and Minister of Finance | ||||
| Reign: | 4 August 2013 - January 2014 | ||||
| Reign-Type: | In office | ||||
| Reg-Type: | Monarch | ||||
| Regent: | Sheikh Sabah Al Sabah | ||||
| Predecessor: | Mustafa Al Shamali (as finance minister) | ||||
| Successor: | Anas Khalid Al Saleh | ||||
| Succession1: | Governor of Central Bank of Kuwait | ||||
| Reign1: | September 1986 - February 2012 | ||||
| Reign-Type1: | In office | ||||
| Reg-Type1: | Monarch | ||||
| Regent1: | Sheikh Sabah Al Sabah | ||||
| Predecessor1: | Abdulwahab Ali Al Tammar | ||||
| Successor1: | Mohammad Al Hashel | ||||
| Full Name: | Salem Abdulaziz Al Saud Al Sabah | ||||
| Birth Date: | 1 November 1951 | ||||
| House: | House of Sabah | ||||
| Module: |
|
Salem Abdulaziz Al Sabah (; born 1 November 1951) is a Kuwaiti economist and politician. A member of the ruling Al Sabah family, he served as deputy prime minister and minister of finance from 4 August 2013 to January 2014.[1]
Al Sabah was born on 1 November 1951.[2] He graduated from the American University of Beirut in 1977 receiving a degree in economics.[2]
Following his graduation Al Sabah started his career at the Central Bank of Kuwait in 1977 and served in various posts.[3] He was appointed governor of the Central Bank of Kuwait in September 1986 when Abdulwahab Ali Al Tammar resigned from the post. Al Sabah's tenure ended in February 2012.[4] [5] During his tenure he adopted reformist policies,[6] and held the following positions: chair of Institute of Banking Studies,[4] [7] deputy governor at the Arab Monetary Fund and board member of Kuwait Investment Authority.[8] In addition, he served as a member of the Kuala Lumpur-based Islamic Financial Services Board.[7] He resigned from the governorship of the Central Bank after criticizing the Kuwaiti government's spending policies.[5] Mohammad Al Hashel succeeded him as governor in March 2012.[8] [9]
On 4 August 2013, Al Sabah was appointed both deputy prime minister and finance minister.[10] He replaced Mustafa Al Shamali as finance minister.[11] [12] As finance minister, Al Sabah also headed the Kuwait Investment Authority.[13]
In October 2013, Al Sabah publicly stated that the economy of Kuwait could grow only if administrative reforms were realized.[14] His tenure ended in January 2014 when Anas Khalid Al Saleh was appointed finance minister.[15]