Saudi finance minister sacked by royal order in bid to retool economy
Finance Minister Ibrahim al-Assaf was replaced by Mohammed Aljadaan
 "Saudi finance minister sacked by royal order in bid to retool economy")
Saudi Arabia on Monday sacked its veteran finance minister as the kingdom undergoes a major economic restructuring because of lower oil revenues.
Ibrahim al-Assaf "has been removed from his position", said a royal decree, one of a series of orders from King Salman, published by the official SPA news agency.
Assaf was replaced by Mohammed Aljadaan, head of the Capital Market Authority which regulates the stock market.
A foreign diplomat had told AFP weeks ago there was talk of changing the finance minister, who had been in the post for years.