Aabed Al Saadoun

Dr. Aabed bin Abdulla Al-Saadoun is the Chairman of APICORP's Board of Directors, overseeing a Saudi-based multilateral bank established by top Arab oil producers. He serves as the deputy minister for companies' affairs at the Saudi oil ministry, holds positions on the boards of the Saudi Industrial Development Fund and the Saudi Arabian General Investment Authority. Raised as an oil and gas engineer, he has managed highly complex projects and chaired boards of various disciplines.

His educational background includes studies at Grenoble Ecole de Management. In discussing his career philosophy, Al-Saadoun noted, "I'm an engineer, but also I'm in finance so the skills that the professional needs to raise and develop [will] play a vital role in his career."

Al-Saadoun holds board positions including Chairman of Industrialization and Energy Services Co, and board member roles at Saudi Basic Industries Corp, The Power and Water Utility Company for Jubail and Yanbu, and Saudi Railway Co. Under his leadership, APICORP raised its capital from 750 million to 1 billion dollars by capitalizing retained earnings, and APICORP has teamed up with partners to launch investments in fields including shipping and power generation.

Career history

• Chairman, Board of Directors – Arab Petroleum Investments Corporation (APICORP)
• Deputy Minister for Companies' Affairs – Saudi Ministry of Oil
• Chairman – Industrialization and Energy Services Co
• Board Member – Saudi Arabian General Investment Authority
• Board Member – Saudi Industrial Development Fund

What Al-Saadoun could bring to his role as Board Chairman at APICORP: His engineering background combined with financial expertise positions him to drive strategic capital deployment in energy infrastructure across the Arab region. His government relationships and experience navigating complex energy policy dynamics, demonstrated through his deputy minister role, enable him to advance APICORP's mandate of supporting sustainable energy development while managing geopolitical complexities in international energy markets. His track record of capitalizing retained earnings and diversifying APICORP's investment portfolio suggests capacity to enhance institutional financial performance and long-term shareholder value creation.