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.


King Salman’s support vital to national heritage achievements

The program aims to protect, promote and develop cultural heritage and make it part of the life and memory of citizens. (Supplied)
Updated 12 min 29 sec ago
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King Salman’s support vital to national heritage achievements

  • The Saudi leadership made key decisions to protect antiquities and historical sites
  • Saudi Arabia aims to conduct awareness campaigns, establish museums and develop them in a modern way to attract citizens and visitors

JEDDAH: The achievements made in Saudi Arabia’s national heritage sector, and the prizes and awards that have been won as result, are thanks to the support and efforts of King Salman, said Prince Sultan bin Salman, president of the Saudi Commission for Tourism and National Heritage (SCTH).
His comments came as the king received the Sharjah International Award for Cultural Heritage, which was awarded in recognition of the Custodian of The Two Holy Mosques cultural heritage program.
King Salman oversaw the creation of the antiquities and heritage sector 50 years ago and stood firmly against the elimination or extinction of archaeological and heritage sites, Prince Sultan said, and has made historical and important decisions to protect antiquities since the era of the late King Saud.
This support culminated in the adoption of the innovative Custodian of The Two Holy Mosques for the Care of Cultural Heritage program, implemented by the commission to bring about a qualitative shift in projects and programs devoted to national cultural heritage.
Prince Sultan said: “The award is a result of King Salman’s follow-up and support to the program, which the SCTH and our team have translated into projects and initiatives carried out in cooperation with highly professional partners, in order to preserve, restore and develop the national heritage and make it a reality that connects citizens to their country’s history and heritage.”
He said the SCTH has built upon the great efforts of the institutions that preceded it in taking care of the nation’s antiquities, as well as individual efforts to preserve national heritage.
“Today, we reap the fruits of these efforts: The culture we have learnt from King Salman and previous leaders, which has taught us to complete the work and loyalty of all those who built and achieved before us,” he said.
Dr. Sultan bin Mohammed Al-Qasimi, a member of the Federal Supreme Council and ruler of Sharjah, announced that the Sharjah International Award for Cultural Heritage had been awarded to the Custodian of The Two Holy Mosques Program for the Care of Cultural Heritage during a ceremony on April 22, 2018.
The program aims to protect, promote and develop cultural heritage and make it part of the life and memory of citizens. It also conducts awareness campaigns, establishes museums and develops them in a modern way to attract citizens and visitors, prepares Islamic historical sites to welcome visitors, and preserves culturally important buildings and towns to showcase the role of the Kingdom as a crossroads for civilizations through the ages and achieve a qualitative shift in the field, contributing to economic growth.