Riyadh/Dubai: The Saudi Arabian Monetary Agency (Sama) is set to appoint KPMG Saudi Arabia’s managing partner Tareq Al Sadhan as its new deputy governor for supervision, two sources told Reuters on Thursday.
Sadhan was leaving KPMG at the end of December after 18 years with the firm as he’d been “selected by the government to lead a significant role”, according to a Sept. 3-dated internal memo seen by Reuters. While the memo didn’t disclose the role he was leaving for, the two sources said the role he was taking up was that of deputy governor for supervision. A person at Sama, the kingdom’s central bank, said “there is no news coming from Sama” without elaborating. KPMG said it had no comment at this time. According to Sama’s website, Abdul Aziz Abdul Rahman Al Helaissi is the current holder of that title, having been appointed on May 2, 2013.
