- Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued a royal decree appointing Fahd bin Abduljalil Al-Saif as Minister of Investment.
- The royal orders included relieving Eng. Khalid Al-Falih of his position and appointing him as Minister of State and a member of the Council of Ministers.
- Al-Saif has more than 26 years of experience in strategy, finance, and investment, and has held prominent leadership roles at the Public Investment Fund and the Ministry of Finance.
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on Thursday issued a royal decree appointing Fahd bin Abduljalil bin Ali Al-Saif as Minister of Investment.
The royal orders also included relieving Eng. Khalid Al-Falih of his position as Minister of Investment and appointing him as Minister of State and a member of the Council of Ministers.
Al-Saif brings extensive experience in strategy, finance, and investment. He previously served as CEO of the Strategy, Investment and Economic Studies Division and Head of Global Investment Finance at the Public Investment Fund. He has also been a board member of the Insurance Authority since 2024.
According to his biography published on the Insurance Authority’s website, Al-Saif has wide-ranging expertise in financial markets across local and international institutions, including treasury management, investments, corporate finance, and debt management.
Al-Saif holds a bachelor’s degree in Management Information Systems from King Fahd University of Petroleum and Minerals in Saudi Arabia.
He also serves on and chairs several boards of directors locally and internationally, including chairmanship of aircraft leasing company AviLease, in addition to King Abdullah Economic City. His professional experience spans more than 26 years across multiple disciplines.
Al-Saif began his career in the private sector, holding senior leadership roles at the Saudi British Bank (SAB) and HSBC Saudi Arabia for over a decade.
He later moved on to serve as an advisor to the Minister of Finance, before founding the Debt Management Office at the Ministry of Finance — later renamed the National Debt Management Center — where he served as CEO and a board member.
