Ibrahim Almojel

Dr. Ibrahim Almojel was appointed Chairman of United International Transportation Co.'s (Budget Saudi) board of directors as an independent member, with his appointment forming part of the board's new session leadership. He currently holds multiple positions including Vice Chairman at Arab Mining Co., Vice Chairman at Awqaf Investment Co., Vice Chairman at Saudi Exim-Bank, and Chairman at The Special Integrated Logistics Zone Co.

Dr. Almojel previously served as Chief Executive Officer of the Saudi Industrial Development Fund (SIDF), where he led a significant transformation of the institution to align with Saudi Arabia's Vision 2030 agenda, expanding its mandate into sectors such as logistics, mining, and renewable energy while increasing the fund's capital base. He is the founding partner of Khwarizmi Holding, an investment platform focused on venture capital, private equity, and real estate.

Career History

• CEO of Saudi Industrial Development Fund (SIDF) – Led Vision 2030 transformation initiatives
• CEO of Wisayah, the investment management arm of Saudi Aramco
• Multiple leadership roles at Saudi Aramco, including over 6 years heading Investment Management and overseeing portfolio management, direct investment and investment services
• Head of Global Investment of Saudi Aramco's Energy Ventures (SAEV)
• Director at Samba Financial Group, Al Raidah Investment Co., and Saudi Aramco Energy Ventures LLC

Dr. Almojel holds a BS in Electrical Engineering and Mathematics from Vanderbilt University and MS and PhD degrees in Management Science and Engineering from Stanford University. He is the founding president of the Stanford Club of Saudi Arabia and the Chairman of Eastern Oqal, the leading Angel Investors Network in the Eastern Province. He was recognized by Forbes as one of the top CEOs in MENA in 2021 and 2022, and is a 2019 Young Global Leader of the World Economic Forum.

What Dr. Almojel could bring to Budget Saudi: Dr. Almojel's appointment as Chairman positions Budget Saudi to benefit from his extensive institutional development and investment management expertise. His track record transforming SIDF into a Vision 2030 enabler, coupled with his deep venture capital and private equity experience through Khwarizmi Holding, suggests he could drive strategic growth initiatives, enhance operational efficiency, and align Budget Saudi's car rental and transportation services with Saudi Arabia's industrial and logistics vision.