RIYADH: Saudi Arabia has reconstituted its Council of Ministers under the chairmanship of Crown Prince and Prime Minister Mohammed bin Salman, with all serving ministers retaining their positions, according to a royal decree issued by King Salman on Thursday.
The decree renews the composition of the Council of Ministers in line with the four-year term stipulated under Saudi Arabia’s Council of Ministers Law, the Saudi Press Agency (SPA) reported.
In separate royal decrees, King Salman also announced changes to the leadership of the Local Content and Government Procurement Authority and the Capital Market Authority, appointing new chairmen to both bodies.
Royal Orders Issued.https://t.co/ckXrC3NCwz#SPAGOV pic.twitter.com/DdIKECZdlG
— SPAENG (@Spa_Eng) August 13, 2026
Prince Abdulaziz bin Salman, the Minister of Energy, was appointed chairman of the board of the Local Content and Government Procurement Authority, replacing Bandar Alkhorayef.
Meanwhile, Mazen Al-Sudairy was appointed chairman of the Capital Market Authority with the rank of minister, replacing Mohammed ElKuwaiz, who was relieved of his position.
The latest appointments and cabinet reconstitution come as Saudi Arabia continues to advance its economic and institutional reforms under Vision 2030, with a focus on strengthening government efficiency, local content, investment and the development of the Kingdom’s capital markets.
