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Saudi Arabia's $360 Billion Wealth Fund Rejigs Leadership

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. ....

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KSA Business: Saudi PIF boosts leadership team with key appointments

KSA Business: Saudi PIF boosts leadership team with key appointments
gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.

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Saudi PIF boosts leadership team with key appointments

Saudi PIF boosts leadership team with key appointments
RIYADH, December 22, 2020
Saudi Arabia s sovereign wealth fund, the Public Investment Fund (PIF) today (December 22) announced major changes in its leadership as part of its ongoing growth strategy.

PIF’s Chief of Staff, Yazeed AlHumied is the new head of the PIF’s Local Holdings Investments replacing Rashed Sharif, who haas been appointed the Managing Director and CEO of the merged entity of NCB Capital and Samba Capital, a key strategic PIF portfolio company and now the largest bank in Saudi Arabia, said a statement from the top Saudi wealth fund.

As part of the shake-up, Saad Alkroud, PIF’s Head of Stakeholder Management, is now the acting PIF Chief of Staff, while Rania Nashar has been appointed as senior advisor to the Governor of PIF, Yasir Al Rumayyan. ....

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Saudi Arabia's $360 Billion Wealth Fund Reshuffles Key Team

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. ....

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PIF strengthens leadership team with key appointments

PIF strengthens leadership team with key appointments
December 22, 2020
Governor of PIF Yasser Al-Rumayyan in this file photo.
RIYADH The Public Investment Fund (PIF) Tuesday announced the appointments of the following key leaders in line with its ongoing growth strategy.
PIF’s Chief of Staff, Yazeed AlHumied will be the new head of the Fund’s Local Holdings Investments and PIF’s Head of Local Holdings Investments, Rashed Sharif, as managing director and CEO of the merged entity of NCB Capital and Samba Capital, a key strategic PIF portfolio company and now the largest bank in Saudi Arabia.
Rania Nashar has been appointed as senior advisor to the Governor of PIF Yasser Al-Rumayyan and Fahad Alsaif has been named the new Head of Corporate Finance. ....

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