Alwashem Economic Consulting Services is an independent private advisory center located in Riyadh. It provides consulting services focusing on project evaluation, institutional market, business sectors and government institutions. AECS specializes in conducting feasibility studies and providing professional consulting services to law firms in the subject of compensation for breach of property rights, antitrust law and dumping issues. It has been established in Kuwait in 2002 and earned a license to operate in Saudi Arabia in 2012.
Ayad Awadh Al-Ayad
Has over 30 years of experience working in issues of strategy and regulations directly related to the Islamic Banking Industry. He worked as Head of the Banking Development Section at Saudi Central Bank (Saudi Arabian Monetary Agency) for approximately 12 years. Prior to that, He worked in the Investment Department with an international team managing the country's reserves and dealing with a multitude of financial instruments for 7 years. He holds an MBA from Eastern New Mexico University, USA. He was an active member of a supervision committee that oversees the establishment of the first Islamic Bank in Saudi Arabia. He was the founder of the Saudi Investment Product Committee that deals with new issues relating to the investment management industry in Saudi Arabia. He participated in a team drafting the initial rules that governed the Saudi Equity Market at the outset. Mr. Almutairi is considered as the godfather of the Mutual Fund industry in Saudi Arabia. He is an author of the first book written in Arabic about investment funds in Saudi Arabia and another book about Non-Interest Banking.