Governor reviews Madinah’s academy projects

Governor reviews Madinah’s academy projects
Madinah Gov. Prince Faisal bin Salman chaired the fourth meeting of the Madinah Academy’s executive committee on July 24, 2020. (SPA)
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Updated 25 July 2020

Governor reviews Madinah’s academy projects

Governor reviews Madinah’s academy projects

MADINAH: Madinah Gov. Prince Faisal bin Salman chaired the fourth meeting of the Madinah Academy’s (Madac) executive committee to review the latest work of the project.

The academy is being built in partnership with a number of donor institutions and the private sector on an area of 30,000 square meters to serve as a nonprofit endowment education initiative accommodating 1,100 students.

Prince Faisal, who is the chairman of Madac Academy, was briefed on the construction work of the building, which is expected to be completed in April 2021.

Prince Faisal was introduced to the professional development program for teachers at Madac, which launched a quality initiative to train 40 teachers from across the Kingdom in partnership with the faculty of education at Arizona State University in the US.

Madac Academy has international bilingual schools that will run from kindergarten to secondary school for boys and girls, as well as a teachers’ institute offering vocational development programs.

Madac schools aim to build a promising generation enhanced by innovation and creativity to participate in the development of society.

Madac schools started taking children in kindergarten when they opened and have now expanded to the fifth grade, with a total enrolment of 200 students at the beginning of the next academic year.


Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied
Yazeed Al-Humied
Updated 15 January 2021

Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied

Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).

From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.

He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.

On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.

In addition, he sits as chairman of the National Security Services Co., vice chairman of both the Samba Financial Group and the Saudi Stock Exchange (Tadawul), and is a board member of Saudia airline, the Saudi Civil Aviation Holding Co., and Saudi low-cost carrier flyadeal.

Al-Humied joined PIF as an adviser to the fund’s governor in 2015. In his one-year advisory role, he was responsible for the restructuring, strategy crafting, and posting of PIF’s reallocation to the Saudi Council of Economic and Development Affairs.

He started his career in 2004 with multinational professional services company PricewaterhouseCoopers and four years later joined the Capital Market Authority (CMA) where he headed mergers and acquisitions.

Al-Humied gained a bachelor’s degree in accounting from Riyadh’s King Saud University in 2004 and he is also an alumnus of the London Business School’s corporate finance modular program.