However, individuals present during that era recall a different sequence of events. David Mulford, one of the few expatriates residing in the secluded kingdom at the time, was a young investment banker recruited in 1975 by the Saudi Arabian Monetary Agency (SAMA), the central bank, as a consultant. In his 2014 autobiography, he described how a small team of experts labored in SAMA's run-down offices to oversee "a portfolio expanding by $5 to $10 billion every month," relying on a solitary, slow telex machine for external communications.
This story was originally featured on Fortune.com
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