Saudi Arabia’s King Salman tapped previous Vitality Minister Khalid al-Falih to head a newly made investment decision ministry as portion of a cabinet shuffle, calling again a significant-profile figure as the authorities struggles to lure overseas funds to generate an financial transformation.
The appointment marks a turnaround for Mr. Falih, who was fired in September as vitality minister, days just after he also was stripped of the chairmanship of oil large Aramco. Mr. Falih was viewed by some officials as a brake on Aramco’s initial general public supplying programs…