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.


Saudi heritage chief launches Korean exhibition in Riyadh

Updated 19 December 2018
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Saudi heritage chief launches Korean exhibition in Riyadh

RIYADH: Prince Sultan bin Salman, the president of the Saudi Commission for Tourism and National Heritage, officially opened an exhibition in Riyadh showcasing Korean history and culture. He was joined at the event by Professor Bae Kidong, the director general of the National Museum of Korea in Seoul, and Korean Ambassador to Saudi Arabia Jo Byung-Wook.
Titled “Korean History and Culture: an Enchanting Journey to the Korean Civilization,” the exhibition — which will be at the National Museum until March 7, 2019 and is the first of its kind in Saudi Arabia — features rare artifacts that showcase Korean archaeology, civilization and folklore, as well as a selection of exhibits from the Korean National Museum.
Prince Sultan said that such cooperation in the field of culture and archaeology is very important, especially since Korea has a great and ancient culture, and given its important relationship with Saudi Arabia through the years.
On behalf of the Korean government and people, Prof. Bae expressed his sincere appreciation to the Kingdom for hosting the exhibition.