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Saudi sovereign wealth fund hires new corporate finance head, makes other changes
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Saudi’s $360 Billion Wealth Fund Rejigs Top Leadership
Bloomberg 12/22/2020 Matthew Martin and Adveith Nair © Bloomberg Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.
(Bloomberg) Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.
Dec 23 2020, 10:38 AM
December 22 2020, 11:46 AM
December 23 2020, 10:38 AM
(Bloomberg) Saudi Arabiaâs sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
(Bloomberg) Saudi Arabiaâs sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the countryâs National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.
Alsaif replaces Alireza Zaimi, who joined the fund from Bank of America in 2017 to oversee the corporate finance division. Zaimi has been promoted to special adviser to the PIF Governor Yasir Al-Rumayyan across his various roles. Al Rumayyanâs other posts include chairman of Saudi Aramco and Saudi Arabian Mining Co.
Saudi’s $360 Billion Wealth Fund Rejigs Top Leadership
Bloomberg 12/22/2020 Matthew Martin and Adveith Nair © Bloomberg Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.
(Bloomberg) Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.
KSA Business: Saudi PIF boosts leadership team with key appointments
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