Saad Abdulaziz Alkroud was appointed Head of the Local Real Estate Investment Division at PIF in May 2025, where he oversees the development of local real estate and infrastructure investment portfolios, including the Kingdom's giga-projects alongside diversified hospitality, retail, and leisure assets. Alkroud served as PIF Chief of Staff since 2021 and took on additional responsibilities as Secretary General to the PIF Board of Directors in 2022.
He serves as Vice Chairman of the Board of Directors at Alinma Bank, and chairs the boards of Southern Province Cement Company, Dan Company, and the Saudi Technology Development and Investment Company. He holds a Master's degree in Management and Leadership from the University of La Verne in the United States and a Bachelor's degree in Finance from King Fahd University of Petroleum and Minerals.
Career history
- Head of Local Real Estate Investment Division, PIF (2025–present)
- Chief of Staff, PIF (2021–2025)
- Head of Stakeholder Management, PIF (2016–2021)
- Vice President, Mayaas (private wealth management, 2012–2016)
- Advisor to Chairman, Abdul Latif Alissa Holding Group (2010–2012)
What Alkroud could bring to the Local Real Estate Investment Division role: His tenure as Chief of Staff and stakeholder management expertise position him to execute PIF's diversified portfolio strategy across giga-projects and commercial developments. His board governance experience across financial institutions (Alinma Bank), industrial sectors, and healthcare entities provides cross-sector insights for scaling PIF's real estate and infrastructure investments while maintaining institutional oversight and strategic alignment.
Facts compiled by Executive Moves from publicly available news and press releases on 3 September 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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