[1] In 1962, on the request of Crown Prince Faisal he established the Institute of Public Administration in Riyadh which he headed between 1962 and 1965.

[5][6] He was also made minister of state for foreign affairs and appointed a member of the Supreme Council on Petroleum in March 1973 when it was established by King Faisal.

[7][8] Abalkhail was appointed minister of finance and national economy by King Khalid on 14 October 1975, replacing Musaid bin Abdul Rahman Al Saud in the post.

[9][10] One of the most significant official visits by Abalkhail was to Beijing, China, in November 1992 where he and Li Lanqing, Chinese minister of foreign economic relations and trade, signed various agreements on economy, commerce and investment.

[11][12] Abalkhail's term ended on 3 August 1995 when Suleiman bin Abdulaziz Al Sulaim was appointed to the post.