Yasir bin Othman Al-Rumayyan

Yasir bin Othman Al-Rumayyan was born on 18 February 1970 in Buraidah, Saudi Arabia, and has become one of the pioneers in the finance and investment sector in the Kingdom of Saudi Arabia. He is currently the governor of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, and also chairs the state-owned petroleum company Saudi Aramco and Saudi Arabia's largest mining company Ma'aden. He serves as the Chairman of the Saudi Arabian Mining Company (Ma'aden) and Riyadh Air, and is a Member of the Council of Economic and Development Affairs.

Al-Rumayyan earned his Bachelor's degree in Accounting from King Faisal University in 1993 and completed the General Management Program at Harvard Business School in 2007. He has taken numerous training courses in management and business disciplines throughout his career.

Career History

• Chairman of Saudi Aramco and Governor of the Public Investment Fund (PIF) (since 2015)
• Chairman of Saudi Arabian Mining Company (Ma'aden) for a three-year term effective 25 October 2023
• Chief Executive Officer at Saudi Fransi Capital (2010–2015)
• Director of Corporate Finance and Issuance at Capital Market Authority (CMA) (2008–2010)
• Director of International Brokerage at Saudi Hollandi Bank (1994–2004)

Since 2015, Al-Rumayyan has led PIF, and under his leadership the PIF's assets under management grew exponentially, reaching over $925 billion by 2024. Al-Rumayyan directed investments across a wide range of sectors, including technology, renewable energy, entertainment, and sports, with high-profile ventures including stakes in companies like Uber, Lucid Motors, and SoftBank's Vision Fund, as well as the acquisition of Newcastle United Football Club.

What Yasir Al-Rumayyan could bring to Saudi Arabian Mining Company (MAADEN): Al-Rumayyan's tenure as Chairman brings extensive experience in transforming large state-owned enterprises and deploying capital strategically. His track record at the PIF—steering over $925 billion in global investments—and his chairmanship of Saudi Aramco during its landmark IPO demonstrates his ability to optimize resource allocation, enhance governance, and position mining operations within Saudi Arabia's Vision 2030 diversification strategy. His regulatory background at the Capital Market Authority and his deep financial markets expertise position MAADEN for potential future capital markets activities and operational modernization aligned with global standards.