Khalid Al-Falih

Career and Background

Khalid Bin Abdulaziz Al-Falih was born in 1960 and is a prominent Saudi Arabian business executive and government minister. He earned a Bachelor of Science degree in Mechanical Engineering from Texas A&M University in 1982 and completed his MBA at KFUPM in 1991.

Al-Falih served as Minister of Investment of the Kingdom of Saudi Arabia from 25 February 2020 until his transition to Minister of State in February 2026. He previously served as Minister of Energy, Industry and Mineral Resources from May 2016 to September 2019, as Minister of Health from April 2015 to May 2016, and as Chairman of the Saudi Arabian Oil Company (Saudi Aramco) Board of Directors from April 2015 to September 2019. His appointment to the Investment Ministry reflected his exceptional achievements in advancing private sector growth in the Kingdom, which is a central driver of Vision 2030, Saudi Arabia's ongoing economic diversification plan.

Career History

• President and Chief Executive Officer of Saudi Aramco (January 2009 to May 2015)
• Minister of Health, Kingdom of Saudi Arabia (April 2015 to May 2016)
• Minister of Energy, Industry and Mineral Resources (May 2016 to September 2019)
• Chairman of the Board of Saudi Aramco (April 2015 to September 2019)
• Minister of Investment (February 2020 to February 2026)

Al-Falih joined Saudi Aramco in 1979 and held numerous senior positions including Executive Vice President of Operations. As Saudi Aramco's CEO, he oversaw the expansion of the company's oil production capacity and significantly increased its refining and petrochemical capabilities. He also led several strategic Saudi institutions, including the Saudi Industrial Property Authority, Saudi Exports Development Authority, and served as chairman of Saudi Arabia's mining giant, Ma'aden.

Notable Recognition: In 2009, Al-Falih received the prestigious King Abdulaziz Medal (First Class), which is Saudi Arabia's highest civilian honor for service to the country. In 2016, he was recognized as Energy Intelligence Petroleum Executive of the Year, and in 2018, the Japanese government awarded him its national decoration, The Order of the Rising Sun.

What Khalid Al-Falih could bring to Minister of State: With over four decades of experience spanning energy, health administration, and investment promotion, Al-Falih brings deep expertise in large-scale organizational transformation and strategic policy development. His background positioning Saudi Arabia's energy sector and driving Vision 2030's economic diversification initiatives positions him to provide senior cabinet-level counsel on critical cross-sectoral priorities as a Minister of State.