FaceOf: Yasir Al-Rumayyan, head of the Saudi Public Investment Fund

Updated 10 May 2018
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FaceOf: Yasir Al-Rumayyan, head of the Saudi Public Investment Fund

  • Al-Rumayyan completed his General Management Program at Harvard Business School in 2007
  • The PIF has recently announced the second Future Investment Initiative

Yasir Al-Rumayyan, 48, is the managing director and chief executive of the Saudi Public Investment Fund. 

Having undertaken his undergraduate studies at King Faisal University (1993), he completed his General Management Program at Harvard Business School in 2007. 

He is the former CEO of Saudi Fransi Capital LLC (2010) and a member of the boards of the Saudi Stock Exchange, Saudi Aramco and Uber Technologies Inc.

The PIF has recently announced the second Future Investment Initiative (FII), which will take place in Riyadh on Oct. 23-25.

The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment under three themes: Investing in transformation, technology as opportunity, and advancing human potential.

Al-Rumayyan said: “The PIF is developing into one of the world’s leading and most impactful sovereign wealth funds, and we look forward to continuing to build strong strategic partnerships while also showcasing the opportunity for private sector participation as Kingdom’s economy continues to expand and diversify.”

Along with his responsibilities as chief executive and managing director of the PIF, Al-Rumayyan is the current director of SoftBank Group Corp, having been appointed in June 2017, as well as a current adviser to the Saudi Royal Court.

PIF’s second FII is being organized in the context of the Vision 2030 reform program, which is charting the path for the Kingdom to harness its investment capabilities and strategic location to become a global investment hub that will shape the global economy and investment environment over the coming decades.


Hajj 2018: What’s on pilgrims’ bucket lists

Masjid Quba in Madinah is a favorite destination for Hajj pilgrims, according to tour guides. Below: The Cave of Hira, Al-Baqi’ cemetery and the Prophet’s Chamber allow visitors to step back in time. (Getty Images)
Updated 26 min ago
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Hajj 2018: What’s on pilgrims’ bucket lists

  • A number of companies in Makkah and Madinah help people organize their trips, making sure they cover the important sites in the two holy cities
  • Most of the sites in the two holy cities are spiritual, giving pilgrims a sense of the prophecies

RIYADH: Hajj is one of the biggest dreams of every Muslim’s life, and pilgrims looking forward to their stay in Makkah and Madinah say a bucket list is the best way to plan the trip. 

Most of the sites in the two holy cities are spiritual, giving pilgrims a sense of the prophecies. Standing in the places of the Holy Prophet transports them back to the past as if they lived those incredible moments. 

A number of companies in Makkah and Madinah help people organize their trips, making sure they cover the important sites in the two holy cities.

Sayed Shafei, an operation manager for City Sightseeing, a tour company in Madinah and worldwide, told Arab News: “We offer a special tour with a multilingual tour guide presented in eight languages. We also offer 24-hour tickets. We have scheduled tourism trips starting from the Prophet’s Mosque to 12 destinations every 30 minutes. The whole trip lasts for 14 hours a day.” 

Asked about the most popular requests, Shafei said: “Our customers always ask to visit Masjid Quba, the Sayed Al-Shuhada Mosque in Uhud, which is considered a vital historic landmark of Madinah, and Al-Qiblatain Mosque.” 

Most of the group’s customers are from East Asia, but many also visit from Kuwait, Bahrain, the UAE, Indonesia, Malaysia, the US and Europe.

Munirah Al-Jebreen, an English instructor at Princess Noura University who will perform Hajj this year, told Arab News her bucket list began with an online search. 

“I found a travel guide on Google that has all the best sites in Madinah and Makkah, so I decided to visit Uthman ibn Affan’s Farm and Well in Madinah, the Holy Qur’an exhibition, and one of the most important places I want to visit is the grave of the Holy Prophet,” she said.

The area between the Prophet’s Chamber, which holds his grave, and the Mimbar is known as the Rawdah, which is actually the Garden of Paradise. It is presently distinguished by a green carpet.

Al-Jebreen also listed some of her planned tour destinations in Makkah, including the Cave of Hira, where the Holy Prophet meditated frequently during the first 40 years of his life and the site of the first revelation. 

She will also visit Bilal Mosque and Mount Abu Qubais and, finally, will try Al-Garmushi, one of the famous traditional restaurants in Makkah.