Latest news with #AimanAlMudaifer
Arab News
21-05-2025
- Business
- Arab News
PIF strengthens leadership with key appointments
PIF announced the appointment of Saad Alkroud as head of the local real estate investment division. Alkroud has served as chief of staff since 2021. This move follows the appointment of Aiman Al-Mudaifer as managing director and chief executive of NEOM. Maram Al-Johani has been named acting chief of staff, in addition to being appointed as secretary-general to the PIF board of directors. In his new role, Alkroud will be responsible for developing PIF's local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments. Alkroud joined PIF in 2016 as head of stakeholder management, overseeing PIF board and committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives. In 2021, he was appointed as chief of staff, and in 2022, he took on additional responsibilities as secretary-general to the PIF board of directors. In that position, he supervised corporate strategy and business plans, PIF's project management office, including the establishment of new companies, and the affairs of PIF's portfolio companies, stakeholders and committees. He also serves on the boards of several PIF companies. Meanwhile, Al-Mudaifer has led the local real estate investment division since 2018, helping to drive significant growth and transformation. As of 2023, the portfolio included more than 35 real estate companies, with investments in Saudi real estate and infrastructure continuing to deliver sustainable returns. The advancement of and investment in landmark developments and infrastructure projects have helped position PIF at the forefront of Saudi Arabia's economic diversification, including the creation of tourism and cultural destinations. Al-Mudaifer has served as the acting CEO of NEOM since November 2024 and is a board member of several PIF portfolio companies. In her new role, Al-Johani will lead organization-wide strategic planning, data and committees governance, and the project management office. In addition, she will oversee portfolio company affairs and manage international and local stakeholders. Al-Johani joined PIF in 2017 after working for PricewaterhouseCoopers. She brings extensive experience to both roles, having served as PIF's head of data and committees governance and advisory department since 2021. These appointments reinforce PIF's strong leadership foundation and support the delivery of its unique mandate and long-term strategy, within the organization and across its portfolio of more than 220 companies, to create opportunities for the global economy and drive the economic transformation of Saudi Arabia.
Asharq Al-Awsat
16-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia's PIF Announces New Leadership Appointments
Saudi Arabia's Public Investment Fund (PIF) announced on Thursday a series of new leadership moves, including the appointment of Saad Alkroud as Head of the Local Real Estate Investment Division and Maram Al Johani as Acting Chief of Staff and Secretary General to the Fund's Board of Directors. In his new role, Alkroud will be responsible for developing PIF's local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments. Alkroud joined PIF in 2016 as Head of Stakeholder Management, overseeing PIF Board and Committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives. In 2021, he was appointed as Chief of Staff, and in 2022 he took on additional responsibilities as Secretary General to the PIF Board of Directors. In that position, he supervised corporate strategy and business plans, the PIF Project Management Office, including the establishment of new companies, and the affairs of PIF's portfolio companies, stakeholders and committees. He also serves on the boards of several PIF companies. Alkroud's appointment came after Eng. Aiman AlMudaifer has been named Acting CEO of NEOM since November 2024. AlMudaifer is also a board member of several PIF portfolio companies. AlMudaifer has led the Local Real Estate Investment Division since 2018, helping to drive significant growth and transformation. As of 2023, the portfolio included more than 35 real estate companies, with investments in Saudi real estate and infrastructure continuing to deliver sustainable returns. The advancement of and investment in landmark developments and infrastructure projects have helped position PIF at the forefront of Saudi Arabia's economic diversification, including the creation of tourism and cultural destinations. PIF also announced that Maram Al Johani has been assigned as Acting Chief of Staff and appointed as Secretary General to the PIF Board of Directors. She will lead organization-wide strategic planning, data and committees governance, and the project management office. In addition, she will oversee portfolio company affairs and manage international and local stakeholders. Al Johani joined PIF in 2017 after working for PricewaterhouseCoopers. She brings extensive experience to both roles, having served as PIF's Head of Data and Committees Governance and Advisory Department since 2021. PIF said these appointments reinforce the Fund's strong leadership foundation and support the delivery of its unique mandate and long-term strategy, within the organization and across its portfolio of more than 220 companies, to create opportunities for the global economy and drive the economic transformation of Saudi Arabia.
Zawya
15-05-2025
- Business
- Zawya
PIF appoints Saad Alkroud to lead local real estate investments, Maram Al Johani as acting chief of staff
RIYADH — The Public Investment Fund (PIF) has announced key leadership appointments following the transition of Eng. Aiman AlMudaifer to Managing Director and Chief Executive Officer of NEOM. These appointments are part of PIF's continued efforts to strengthen its leadership foundation and drive forward its strategic mandate. Saad Alkroud has been named Head of the Local Real Estate Investment Division, taking over the portfolio previously overseen by AlMudaifer. Alkroud has served as Chief of Staff at PIF since 2021 and brings extensive experience in strategic planning and stakeholder management. In his new role, he will be responsible for developing and expanding PIF's real estate and infrastructure investment portfolio, which includes Saudi Arabia's landmark giga-projects and other strategic developments. Alkroud joined PIF in 2016 as Head of Stakeholder Management, where he oversaw board and committee affairs and managed relationships with both international and local entities. He was appointed Chief of Staff in 2021 and took on additional duties as Secretary General to the PIF Board of Directors in 2022. In these roles, he supervised the fund's corporate strategy, project management office, and the affairs of PIF's portfolio companies. Alkroud also holds board memberships across several PIF-owned firms. AlMudaifer, who had led the Local Real Estate Investment Division since 2018, played a central role in the division's growth and transformation. By 2023, the division managed investments in over 35 real estate companies and significantly contributed to Saudi Arabia's economic diversification, including in tourism and cultural infrastructure. AlMudaifer has served as Acting CEO of NEOM since November 2024. In a related move, Maram Al Johani has been appointed Acting Chief of Staff and Secretary General to the PIF Board of Directors. Al Johani will lead organization-wide strategic planning, data and committee governance, and the project management office. She will also oversee affairs related to portfolio companies and manage engagement with international and domestic stakeholders. Al Johani joined PIF in 2017 following a tenure at PricewaterhouseCoopers. Since 2021, she has served as Head of Data and Committees Governance and Advisory, bringing a strong track record in strategic operations to her new position. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
15-05-2025
- Business
- Zawya
PIF appoints Saad Alkroud as head of Local Real Estate Investment division and Maram Al Johani as Acting Chief of Staff
Appointments reinforce PIF's strong leadership foundation and support the delivery of its mandate RIYADH – PIF today announced the appointment of Saad Alkroud as Head of the Local Real Estate Investment Division. Alkroud has served as Chief of Staff since 2021. This move follows the appointment of Eng. Aiman AlMudaifer as Managing Director and Chief Executive Officer (CEO) of NEOM. Maram Al Johani has been assigned as Acting Chief of Staff and appointed as Secretary General to the PIF Board of Directors. In his new role, Alkroud will be responsible for developing PIF's local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments. Alkroud joined PIF in 2016 as Head of Stakeholder Management, overseeing PIF Board and Committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives. In 2021, he was appointed as Chief of Staff, and in 2022 he took on additional responsibilities as Secretary General to the PIF Board of Directors. In that position, he supervised corporate strategy and business plans, the PIF Project Management Office, including the establishment of new companies, and the affairs of PIF's portfolio companies, stakeholders and committees. He also serves on the boards of several PIF companies. AlMudaifer has led the Local Real Estate Investment Division since 2018, helping to drive significant growth and transformation. As of 2023, the portfolio included more than 35 real estate companies, with investments in Saudi real estate and infrastructure continuing to deliver sustainable returns. The advancement of and investment in landmark developments and infrastructure projects have helped position PIF at the forefront of Saudi Arabia's economic diversification, including the creation of tourism and cultural destinations. AlMudaifer has served as the Acting CEO of NEOM since November 2024 and is a board member of several PIF portfolio companies. Al Johani, as Acting Chief of Staff and as Secretary General to the PIF Board of Directors, will lead organization-wide strategic planning, data and committees governance, and the project management office. In addition, she will oversee portfolio company affairs and manage international and local stakeholders. Al Johani joined PIF in 2017 after working for PricewaterhouseCoopers. She brings extensive experience to both roles, having served as PIF's Head of Data and Committees Governance and Advisory Department since 2021. These appointments reinforce PIF's strong leadership foundation and support the delivery of its unique mandate and long-term strategy, within the organization and across its portfolio of more than 220 companies, to create opportunities for the global economy and drive the economic transformation of Saudi Arabia. About PIF PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment. And as a global investor and catalyst of change, PIF actively partners with the most pioneering organizations across the world to accelerate their growth, and transfer the technology and knowledge needed to build industry ecosystems of the future. Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sector. PIF is laying the foundations for local and international partners to invest in the economic and societal transformation of Saudi Arabia. For more information, visit the website at Rupert Trefgarne: rtrefgarne@ Note to editors: For more information, visit NEOM's website:
Zawya
15-05-2025
- Business
- Zawya
Saudi Arabia's NEOM confirms acting CEO as permanent head
Saudi Arabia has confirmed Aiman al-Mudaifer as the CEO of NEOM, the $500 billion mega-project central to Crown Prince Mohammed bin Salman's Vision 2030 plan to overhaul the kingdom's economy, Saudi sovereign wealth fund PIF said in a statement on Thursday. Mudaifer has been NEOM's acting CEO since November, succeeding Nadhmi al-Nasr, the long-time former chief of the ambitious Red Sea urban and industrial development project nearly the size of Belgium in the Saudi desert. Reuters reported on April 22 that al-Mudaifer would be appointed permanently within weeks, a sign that the kingdom's sovereign wealth fund was taking greater oversight of NEOM, a source familiar with the matter said. Mudaifer, who the source said has deep knowledge of NEOM and has been involved in monitoring the project's developments for some time, led the local real estate division at PIF and oversaw all local real estate investments and infrastructure projects. "Over the past months, Al-Mudaifer has remained focused on maintaining operational continuity, improving efficiencies and accelerating progress across NEOM's strategic projects and regions", the PIF statement said. (Reporting by Hadeel Al Sayegh and Federico Maccioni; Writing by Nayera Abdallah; Editing by Jan Harvey and Emelia Sithole-Matarise)
