Fahad bin Abduljalil Al-Saif

Fahad bin Abduljalil Al-Saif was appointed Saudi Arabia's Minister of Investment by Royal Decree on 12 February 2026. His resignation from ACWA Power as a Non-Executive Director became effective on February 23, 2026, concluding his board tenure that began on January 5, 2025.

Prior to his ministerial appointment, Al-Saif held senior leadership positions at the Public Investment Fund (PIF), serving since 2024 as Head of PIF's Investment Strategy and Economic Insights Division and having led the Global Capital Finance Division since joining PIF in 2021. In these roles, he was responsible for driving PIF's long-term investment strategy, strategic asset allocation, sustainability framework, and AI strategy, while overseeing macroeconomic analysis to inform portfolio direction and capital deployment. He also led PIF's comprehensive financing and capital strategy, including credit rating management and the structuring and execution of funding programmes to support both long-term investments and short- to medium-term liquidity requirements, overseeing diversified debt issuances across bonds, sukuk and bank facilities.

Career History

• Head of PIF's Investment Strategy and Economic Insights Division (2024–present)
• Head of Global Capital Finance Division, Public Investment Fund (2021–2024)
• Adviser to the Saudi Minister of Finance; Founding CEO of the National Debt Management Center
• Senior positions in banking sector at SABB and HSBC Saudi Arabia

Al-Saif holds a bachelor's degree in Management Information Systems from King Fahd University of Petroleum and Minerals. He brings more than 20 years of experience across corporate banking, investment banking, and global financial services. He previously served as Chief Executive Officer and board member of the National Debt Management Center, where he played a role in developing the Kingdom's debt management framework, and also worked as an adviser to the Minister of Finance.

Notable achievements include spearheading the development of the PIF Green Finance Framework and securing the fund's debut credit ratings from international agencies, and subsequently launching PIF's first international bond program, which included the issuance of the world's first 100-year green bond, the first of its kind ever issued by a sovereign wealth fund.

What Fahad Al-Saif could bring to his role as Minister of Investment: As a seasoned sovereign wealth fund executive with expertise in global capital markets, institutional investor relations, and Saudi Arabia's macroeconomic strategy, Al-Saif brings proven capability in structuring complex international financing and attracting foreign direct investment, critical competencies for driving Vision 2030 objectives and positioning Saudi Arabia as a global investment destination.

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