Mazen Al-Sudairi Named CMA Chairman by Royal Decree

King Salman bin Abdulaziz issued a royal decree on 13 August 2026 appointing Mazen bin Turki Al-Sudairi as Chairman of the Board of the Capital Market Authority (CMA), with the rank of minister. The decree relieved Mohammed bin Abdullah ElKuwaiz of the position.

The appointment forms part of a wider 2026 cabinet reshuffle that included leadership changes across Saudi Arabia's financial regulatory sector. As of late August 2026, Al-Sudairi is the current chairman of the Authority.

The Capital Market Authority confirmed and welcomed the appointment, referring to Al-Sudairi by his official title, Chairman of the Board of the Capital Market Authority, with the rank of Minister.

Why it matters

The Capital Market Authority is the government body responsible for regulating and developing the Saudi capital market, overseeing listed companies, financial institutions, and investor protection. Leadership at the top of the Authority has a direct bearing on how markets are supervised and how confidence is maintained among local and international investors.

For residents, investors, and businesses in the Kingdom, changes at this level are part of the broader effort to strengthen governance and modernize the financial sector in line with national economic goals. The transition marks a new chapter for one of the country's key regulatory institutions.

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