Saad Abdulaziz Alkroud was appointed Chairman of the Board of Directors at King Abdullah Financial District Development and Management Company (KAFD DMC) on September 4, 2025. He brings extensive leadership experience in real estate investment and development across Saudi Arabia.
Currently, Alkroud serves as Head of Local Real Estate Investment Division at the Public Investment Fund (PIF), where he is responsible for developing local real estate and infrastructure investment portfolio, which includes giga-projects, alongside diversified assets spanning hospitality, retail, and leisure sectors. He has served as Chief of Staff and Secretary General to PIF's Board of Directors since 2021 and 2022 respectively. Alkroud joined PIF in 2016 as Director of Stakeholder Management.
Career History
- Head of Local Real Estate Investment Division, Public Investment Fund (PIF) – current role
- Chief of Staff and Secretary General to PIF's Board of Directors (2021-present)
- Director of Stakeholder Management, Public Investment Fund (2016-2021)
- Vice President, Mayaas (private wealth management and diversification company, 2012-2016)
- Advisor to the Chairman, Abdullatif Alissa Group Holding (2010-2012)
Alkroud holds a Master's degree in Management and Leadership from the University of La Verne in the United States and a Bachelor's degree in Finance from King Fahd University of Petroleum and Minerals. He also serves as Vice Chairman of the Board of Directors of Alinma Bank.
What Alkroud could bring to KAFD DMC: With his deep expertise in managing large-scale real estate and infrastructure portfolios at PIF, including strategic oversight of giga-projects and diversified hospitality and retail assets, Alkroud is well-positioned to drive KAFD's evolution as a world-class mixed-use district. His experience managing governance frameworks and stakeholder relationships across PIF's portfolio of companies should enable him to strengthen KAFD's operational efficiency and support the district's continued growth aligned with Vision 2030.
Facts compiled by Executive Moves from publicly available news and press releases on 25 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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