Yasir al-Rumayyan

Yasir Bin Othman al-Rumayyan is one of the pioneers in the finance and investment sector in the Kingdom of Saudi Arabia. He holds several key leadership positions, including Governor of the Public Investment Fund (PIF), the Kingdom's Sovereign Wealth Fund, Chairman of the Board of Directors of Saudi Aramco, Chairman of the Decision Support Center at the Royal Court, advisor to the General Secretariat of the Council of Ministers with the rank of minister, member of the Council of Economic and Development Affairs, Chairman of the Board of Directors of the Saudi Arabian Mining Company "Ma'aden", Vice Chairman of the Board of Directors of the Riyadh Development Company, and Vice Chairman of "ROSHN" Real Estate.

Yasir Bin Othman 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.

Yasir al-Rumayyan began his career as one of the founding members of the Capital Market Authority (CMA) in 2004. He later served as Director of Corporate Finance and Issuance at CMA from 2008 until 2010. From 2014 to 2015, he was a member of the Board of Directors at the Saudi Stock Exchange Company "Tadawul". Additionally, al-Rumayyan held the position of CEO and Managing Director at Saudi Fransi Capital and worked as Director of International Brokerage at the Saudi Hollandi Bank from 1994 to 2004. He also contributed to the accounting profession as part of the Saudi Organization for Certified Public Accountants (SOCPA). These roles marked a qualitative leap in al-Rumayyan's career, leading him to hold leadership positions in various government bodies and Saudi companies, including the Chairman of the Board of Directors of the Decision Support Center at the Royal Court and the Governor of the Public Investment Fund in September 2015. In 2016, he was appointed an advisor to the General Secretariat of the Council of Ministers with the rank of minister. In addition, he chairs the boards of numerous initiatives and companies, such as Sanabil Investments, since 2017, Noon Investment, since 2017, King Abdullah Financial District Development and Management Company, since 2018, and Saudi Aramco, since September 2019. He also serves as Chairman of the Future Investment Initiative (FII), "Ma'aden", Saudi Arabian Mining Company, and holds leadership roles in the Saudi Golf Federation and Golf Saudi.

Yasir al-Rumayyan has held numerous board memberships across various investment sectors, including membership in the Board of Directors of Saudi Aramco in 2016. He has also served as a board member at "Uber Technologies" since 2016. Additionally, he has served as a board director at SoftBank Group since 2017 and "Arm Limited" since 2018. He has also been a board member of the Saudi Industrial Development Fund (SIDF) since 2016 and the Royal Commission for Makkah City and Holy Sites since 2018. Furthermore, he has held board positions with several key projects and companies, including The Red Sea Development Company, The Residential Development Company, Qiddiya Investment Company, Arm Holdings since 2018, the General Authority for Culture (previously) in 2018 for one year, and NEOM since 2019. Since 2019, he has been a member of the Amaala board of directors and the Royal Commission for Riyadh City. Since its establishment in April 2020, al-Rumayyan was appointed to the Board of Trustees of the National Museum, and he is a board member of the Saudi Center for International Strategic Partnerships (SCISP).

Yasir al-Rumayyan has made significant changes across various industries, particularly in sectors focused on business development. His efforts have been instrumental in advancing the Kingdom's sustainable economy and have played a pivotal role in elevating the Public Investment Fund to global prominence, creating numerous job opportunities for Saudis across various sectors relevant to employment and business.

Al-Rumayyan was appointed Chairman of the Board of the Decision Support Center at the Royal Court upon its establishment by Crown Prince Mohammed Bin Salman. Following the reorganization of the Public Investment Fund, al-Rumayyan was appointed a member of its board of directors and later became its CEO and General Supervisor.

Yasir al-Rumayyan started building the Public Investment Fund team with just four employees, operating from a one-floor building in the Ministry of Finance. As the Public Investment Fund grew, its headquarters expanded to two buildings in the Digital City, with the workforce increasing to approximately two thousand employees. The Public Investment Fund holds a board meeting once a week.

The Public Investment Fund Program is one of the core programs of Saudi Vision 2030 and a primary engine for the Kingdom's economic growth, prosperity, and diversification. It focuses on improving quality of life and promoting economic and investment sustainability through several key objectives, such as launching promising local sectors, developing domestic real estate projects, supporting major national projects, and increasing the Public Investment Fund's global assets and diversification.

Through the restructuring of the Public Investment Fund management and its strategy since 2017, the Public Investment Fund has achieved numerous milestones, including the growth of assets and total returns for shareholders, the establishment of local companies in various fields, and the launch of national megaprojects, which in turn have created around half a million direct and indirect jobs. The Public Investment Fund has also contributed to the growth of the non-oil gross domestic product (GDP.)