The Board of Directors of the Gulf Monetary Council (GMCO) has decided to appoint Dr. Khalid Mohammed Al-Saad from the State of Kuwait as its Chief Executive (CEO). The decision comes as an important step in the march of building the executive organ of GMCO to be able to achieve the objectives for which it was established in order to support the efforts of the monetary union between its member States. This came in a press statement by GMCO, the Saudi Press Agency \'SPA\' received a copy of it today. Based-Riyadh since 2009, GMCO consists of the Kingdom of Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Cooperation Council (GCC).