The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on Sunday said it has appointed Eyas al-Dossari and Omar al-Madhi as senior directors to its MENA investments division.
PIF, which manages $430 billion, has also appointed Abdullah Shaker as senior director to its global capital finance division.
For the latest headlines, follow our Google News channel online or via the app.
#PIF announced the appointment of 3 senior executives as the Fund continues expansion. Eyas AlDossari and Omar AlMadhi as Senior Directors to its MENA Investments Division, and Abdullah Shaker as Senior Director to its Global Capital Finance Division.#PIFHires— Public Investment Fund (@PIF_en) June 13, 2021
PIF earlier this month expanded its local holdings investments division to become the MENA investments division, and its corporate finance division to become the global capital finance division.
The fund also established two deputy governor roles to support the fund’s continued growth and expansion.
The PIF is at the center of Saudi Arabia’s plans to transform the economy by creating new sectors and diversifying revenues away from oil.
The fund is expected to inject at least $40 billion annually into the local economy until 2025, and increase its assets to $1 trillion by that date.
In the latest statement, the PIF said Dossari, a former Goldman Sachs’ investment banking head for Saudi Arabia, will head investment advisory within the MENA investments division, supporting the decision-making process of investment activities and capital recycling.
Madhi will co-head direct investments for the MENA division, overseeing PIF investments and opportunities in key strategic sectors, it said.
He worked at Abdul Latif Jameel Investments, Volkswagen Group, McKinsey & Company, and Saudi Aramco.
Saudi sovereign fund PIF appoints two to new deputy governor roles
Saudi Arabia’s PIF launches an initiative of 200 mln Euros to develop Africa's Sahel
Saudi wealth fund PIF transfers stakes in food, farm companies to SALIC
Russia will work on the Saudi Green Initiative, says sovereign wealth fund CEORussia will work with Saudi Arabia to implement its Green Initiative that involves planting 10 billion trees, according to the chief executive of ... Business
Saudi Arabia’s wealth fund PIF signs $15 bln multi-currency revolving credit facilitySaudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving credit ... Economy
Saudi sovereign wealth fund PIF boosts US equities exposure to nearly $12.8 blnSaudi Arabia’s sovereign wealth fund has increased its holding of US stocks to nearly $12.8 billion in the fourth quarter from $7 billion in the third ... Economy
Saudi Arabia’s PIF is fastest growing sovereign wealth fund globally: GovernorSaudi Arabia’s Public Investment Fund (PIF) Governor Yassir al-Rumayyan said on Tuesday that the fund is one of the largest sovereign wealth funds in ... Economy