Riyadh, July 04, 2021, SPA -- The Board of Directors of the National Debt Management Center, chaired by Minister of Finance Mohammed Al-Jadaan has approved the appointment of Hani AlMedaini as acting CEO of the National Debt Management Center starting from Thursday, July 1st ,2021. The appointment of Hani AlMedaini was based on his extensive experience and profound knowledge in the financial and investment field and treasury management which will help lead the Center to achieve its objectives. These obectives include maintaining access to various debt markets by issuing sovereign debt instruments, contributing to the development of public debt policies in Saudi Arabia, and securing the Kingdom’s financing needs in the short, medium, and long term through developing the annual borrowing plans which will help achieve the objectives of the Kingdom's Vision 2030 to enhance the growth of the financial sector. In this context, Hani AlMedaini expressed his thanks and appreciation to the Board of Directors and the Minister of Finance for their invaluable confidence in appointing him as acting CEO of the Center. He added that the board’s trust will have a tremendous impact on continuing the efforts to achieve the Center’s planned objectives. Hani AlMedaini is the successor to Fahad AlSaif, who contributed to the establishment of the Debt Management Office in the Ministry of Finance in 2015. AlSaif also contributed to the establishment of the National Debt Management Center in 2019. Hani AlMedaini joined the National Debt Management Center in September 2019 as head of portfolio management and was appointed acting deputy CEO in March 2021. He was selected as a member of the Board of Directors of the Real Estate Development Fund and Saudi Housing Guarantee Services, as well as several committees of the Board of Directors. --SPA 15:13 LOCAL TIME 12:13 GMT 0021 www.spa.gov.sa/w1580355