Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Environment minister inaugurates Yanbu Grain Handling Terminal    Germany's attack suspect reportedly offered reward to target Saudi ambassador    U.S. Navy jet shot down in 'friendly fire' incident over Red Sea    Israeli strikes in Gaza kill at least 20 people, including five children    Trudeau's leadership under threat as NDP withdraws support, no-confidence vote looms    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Public Investment Fund (PIF) Further Strengthens Leadership Team with Key Appointments as Fund Continues its Expansion
Published in Saudi Press Agency on 22 - 12 - 2020

The Public Investment Fund (PIF) today announced the appointments of the following key leaders in line with its ongoing growth strategy:
PIF's Chief of Staff, Yazeed AlHumied, as new Head of the Fund's Local Holdings Investments.
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 appointed as Senior Advisor to the Governor of PIF, Yasir Al-Rumayyan.
Fahad Alsaif as new Head of Corporate Finance.
Alireza Zaimi, previous Head of Corporate Finance, to the role of Special Advisor to His Excellency Yasir Al-Rumayyan in his various roles.
Saad Alkroud, PIF's Head of Stakeholder Management, as acting PIF Chief of Staff.
The appointments will support the delivery of the Fund's ambitious mandate and strategy by further strengthening its considerable leadership team, both within PIF and across its many portfolio companies.
Rania Nashar is a prominent name in the banking world, as the first woman to lead a banking Group in Saudi Arabia as CEO of Samba Financial Group. She brings more than 20 years of professional experience in the banking industry and assumed various roles in different divisions within Samba, and is a member of various boards including Saudi Stock Exchange (Tadawul). Nashar joins PIF with vast experience in banking, audit, governance and trade.
Alsaif joins PIF from his role as CEO of the National Debt Management Center and advisor to His Excellency the Minister of Finance. He built a global standard debt management center for the Ministry of Finance and brings more than 20 years of corporate and investment banking leadership experience to the role. He will become a member of PIF's Management Committee.
PIF has a strong leadership team with proven experience and diverse capabilities. As the Fund grows, and to support its ambitious mandate, this experience will be maximized and leveraged across a diverse portfolio and range of business interests.
"I would like to welcome Rania and Fahad to PIF. As we continue PIFs ambitious strategy they will bring extensive global capital finance and banking experiences to their positions, which will play an integral role in helping accelerate PIF's growth trajectory," said His Excellency Yasir Al-Rumayyan, Governor of PIF.
"I would also like to congratulate and thank Yazeed, Rashed, Alireza and Saad for the significant contributions they have made to PIF and I look forward to continuing to work closely with all of them in their new roles. These appointments further strengthen our proven leadership team and are critical to ensuring we continue to achieve our ambitious growth trajectory and important mandate on behalf of the people of Saudi Arabia."
One of the world's largest and most impactful sovereign wealth funds, PIF is the main engine helping to drive Saudi Arabia's economic transformation as part of the country's Vision 2030. PIF last week surpassed the 1,000-employee mark, expanding from an initial 40 employees in 2016.
The Fund has also grown to over USD$360 billion AUM in the past four years and has invested a total of USD $83 billion in the Saudi economy during that time, while contributing to the creation of more than 190,000 new jobs in KSA during the same period.


Clic here to read the story from its source.