Fares Al-Fares was appointed Chief Executive Officer of Saudi Advanced Industries Company (SAIC) effective October 13, assuming leadership of the industrial investment vehicle. Al-Fares brings more than 20 years of executive and leadership experience in banking, investment and financing, and asset management.
He holds a bachelor's degree in accounting from Prince Sultan University (PSU). Al-Fares is distinguished by his track record in institutional finance and portfolio management, with expertise spanning multiple asset classes and investment structures across the GCC region.
Career history
- Chief Investment Officer at Saudi Advanced Industries Company (SAIC)
- Head of Asset Management at Yaqeen Capital
- Head of Asset Management at Al Rajhi Capital
What Fares Al-Fares could bring to his role as CEO at SAIC: With his documented expertise in investment strategy, asset management, and institutional finance honed across multiple major Saudi financial institutions, Al-Fares is positioned to strengthen SAIC's investment portfolio and strategic positioning within Saudi Arabia's industrial and technology sectors. His leadership background in banking and financing could enhance the company's capital allocation efficiency and investor relations as it executes its role in the economic offset and advanced technology programs.
Facts compiled by Executive Moves from publicly available news and press releases on 13 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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