Dr. Mohammed Sulaiman Al-Jasser, the nominee of the Government of the Kingdom of Saudi Arabia to serve as the next President of IsDB Group for the next five years, replacing Dr. Bandar M. H. Hajjar, has obtained unanimous approval of the Committee of Procedures, an affiliate of the Board of Governors of the group, pending the final approval of the BoG. In this regard, H.E. Mr. Sardor Umurzakov, Chairman of the Islamic Development Bank (IsDB) Board of Governors (BoG), Deputy Prime Minister and Minister of Investment and Foreign Trade of the Republic of Uzbekistan, has announced that as per the confirmation of IsDB Group General Secretariat, the BoG adopted H.E. Dr. Mohammed Sulaiman Al-Jasser, as the candidate nominated by the Kingdom of Saudi Arabia, as the new IsDB President for five years. The BoG also adopted a resolution expressing profound gratitude to and appreciation of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud, and the Government of the Kingdom of Saudi Arabia, for the continuous support for IsDB since its inception. The resolution also reflects recognition and appreciation of the BoG towards the excellent services provided by H.E. Dr. Bandar M. H. Hajjar, the outgoing President of IDB, and IsDB Group entities since he was elected, and towards the stellar success achieved by the Group over the past period, uplifting its status among peer institutions and in global financial markets. The BoG Committee of Procedures, under the chairmanship of H.E. Mr. Sardor Umurzakov, and with the participation of honourable governors who are members of the Committee, had held a virtual meeting on Tuesday, 6 July 2021, to consider the candidacy of H.E. Dr. Al-Jasser for the position of IsDB president submitted by KSA to succeed H.E. Dr. Hajjar. In that meeting, the Committee recommended the adoption of the draft resolution on the election of H.E. Dr. Al-Jasser as the new IsDB President for the next five years. It also recommended the adoption of another draft resolution on addressing a letter of appreciation of and recognition to H.E. Dr. Hajjar. Both draft resolutions were circulated to the BoG members for adoption.
