Mohammed bin ElKuwaiz

Mohammed Abdullah Elkuwaiz served as Chairman of the Board of Directors of the Capital Market Authority in Saudi Arabia, a role he held from July 2017, having previously been Vice Chairman since August 2016. As a key figure in the kingdom's Vision 2030 diversification plan, ElKuwaiz played a central role in developing and tightening capital markets during a transformative period for Saudi Arabia's financial sector.

ElKuwaiz completed his bachelor's degree at King Saud University in Riyadh in 1998, and earned his MBA from New York University's Leonard N. Stern School of Business, specializing in finance and entrepreneurship. Throughout his career, he brought deep expertise in financial services, investment policy development, and business strategy.

Career history

• Co-founder and CEO of Derayah Financial Company
• Management consultant with McKinsey & Company
• Investment banking and corporate finance roles at Samba Financial Group
• Treasury Department at Arab National Bank
• Vice Chairman of the Capital Market Authority Board (August 2016 – July 2017)

During his tenure at the CMA, ElKuwaiz contributed to developing the main stock market infrastructure and attracting foreign investments, elevating the Saudi financial market among the top-ten globally. He also served on numerous boards, including the Public Pension Agency, Al Bilad Bank, and various investment committees.

What ElKuwaiz brought to the Capital Market Authority: His extensive background building financial institutions from the ground up through Derayah, combined with global consulting expertise from McKinsey and deep investment banking experience, positioned him uniquely to modernize Saudi Arabia's capital markets infrastructure. His focus on opening the market to foreign investors and launching new financial products directly advanced Vision 2030's economic diversification objectives.