Riyadh: Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a series of royal orders today, leading to significant changes within the Saudi government. The Cabinet will be reconstituted under the leadership of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. This follows previous royal orders that dictate the Cabinet must be reformed every four years by royal decree.

According to Saudi Press Agency, Bandar Alkhorayef has been relieved of his position as Chairman of the Board of Directors of the Local Content and Government Procurement Authority. In his place, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud has been appointed to lead the authority.

In another significant change, Mohammed ElKuwaiz has been relieved from his role as Chairman of the Capital Market Authority. Mazen Al-Sudairi will take over the position, assuming the role with the rank of minister. These appointments are part of King Salman's efforts to ensure effective governance and leadership within the kingdom's key institutions.