Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), has named Fahad al-Saif as its new corporate finance head and a member of its management committee.
Alireza Zaimi will become a special advisor to PIF's governor, Yasir al-Rumayyan, and Saad Alkroud will become acting chief of staff, according to a statement on Tuesday.
Moreover, the wealth fund, which manages $360 billion in assets, named Yazeed al-Humied as the new head of the fund’s local holdings investments, and Rashed Sharif as the managing director and CEO of the merged entity of NCB Capital and Samba Capital.
Furthermore, Rania Mahmoud Nashar, the former CEO of Samba Financial Group, has been named as senior advisor to Rumayyan.
