Jeddah, August 13, 2026, SPA -- Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued the following royal orders today:
The Cabinet shall be reconstituted under the chairmanship of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, with its current members, as per previous royal orders stating that the term of the Cabinet shall not exceed four years, within which it shall be reconstituted by a royal order.
Bandar Alkhorayef shall be relieved of his post as Chairman of the Board of Directors of the Local Content and Government Procurement Authority.
Prince Abdulaziz bin Salman bin Abdulaziz Al Saud shall be appointed Chairman of the Board of Directors of the Local Content and Government Procurement Authority.
Mohammed ElKuwaiz‏ shall be relieved of his post as Chairman of the Capital Market Authority.
Mazen Al-Sudairi shall be appointed Chairman of the Capital Market Authority with the rank of minister.