Mohammad A. Safadi, a former finance minister, was born in Tripoli, Lebanon on March 28, 1944. He holds a Bachelor’s Degree in Business Administration from the American University of Beirut.
Safadi, is a prominent businessman and former member of parliament from the predominantly Sunni city of Tripoli. He was finance minister from 2011 to 2014 under Prime Minister Najib Mikati, and was also previously minister of economy and trade.
Mohammad Safadi Biography and Profile
Mohammad Safadi is a successful businessman, philanthropist, and public servant. He began his career in the private sector and is currently Chairman of the Board of Safadi Group Holding SAL that concentrates investments in the fields of property development and business aviation.
Safadi was elected to Parliament in 2000. Since that time Safadi has served his country in various ministerial capacities. Between 2005-2008, he served as Minister of Public Works and Transport, while simultaneously serving as Acting Minister of Water and Energy between 2007-2008.
Mohammad Safadi then served as Minister of Economy and Trade between 2008-2011 until he was appointed Minister of Finance where he served between 2011-2014.
Safadi supports the development of Lebanese civil society and the reform of state institutions through his title as President of Safadi Foundation Tripoli.
Safadi is a member of many Commissions, Committees and Boards. In particular, he is a member of the John F. Kennedy School of Government Dean’s Council at Harvard University and serves on the Board of several American educational institutions in Lebanon. He is also a member of the Middle East Advisory Board at the Woodrow Wilson International Center for Scholars.
Mohammad Safadi was granted “Order of the Knight” from the French Government, Award of the Cross of the Order of Merit of the Federal Republic of Germany, and “Order of Civil Merit” from the Kingdom of Spain.
He moved to London, to a large house in Queen Anne’s Drive in Oxshott, Surrey, and began to act as business manager for the head of the Saudi air force, Prince Turki bin Nasser, son-in-law of crown prince Sultan.
His British interests include a property company, Stow Securities, with assets of £200m, although his name does not appear on the share register, largely composed of anonymous offshore entities in Jersey and Gibraltar. One investor listed is General Ahmed Ibrahim Behery, a former senior commander in the Saudi air force.
Stow controls a number of large London office blocks and an investment in the Saudi TAG company which runs Farnborough airport at BAE’s headquarters.
Mohammad Safadi: Lebanon’s Prime Minister
Three major Lebanese parties have agreed on nominating Mohammad Safadi, a former finance minister, to become prime minister of a new government, the Lebanese broadcasters LBCI and MTV reported on Thursday 15 November 2019.
“I confirm that we have been in contact with minister Safadi and he has agreed to take on the position of prime minister if his name gets agreement with the main political forces in government,” said Foreign Minister Gebran Bassil.
The agreement was reached in a meeting on Thursday between outgoing Prime Minister Saad al-Hariri, Lebanon’s leading Sunni politician, and senior representatives of the Shi’ite groups Amal and Hezbollah.
Saad Hariri quit as prime minister on Oct. 29 in the face of an unprecedented wave of protests against ruling politicians who are blamed for rampant state corruption and steering Lebanon into its worst economic crisis since the 1975-90 civil war.
Since quitting, Saad Hariri, who is aligned with the West and Gulf Arab states, has been holding closed-door meetings with parties including the Iran-backed Hezbollah, which had wanted him to be prime minister again.
Lebanon’s prime minister must be a Sunni Muslim according to the country’s sectarian power-sharing system.
Mustaqbal Web, a Hariri-owned news website, said a meeting between Hariri, Ali Hassan Khalil of the Amal Movement and Hussein al-Khalil of Hezbollah had discussed recommending Mohammad Safadi for the post.
Mohammad Safadi Biography and Profile