Mohammed bin Abdulrahman bin Dayel was recently appointed CEO of Saudi Arabia’s Cultural Development Fund (CDF).
He brings to his position nearly 20 years of leadership and practical experience in the investment sector. Throughout his career, he has held many leadership roles, the most recent of which was as executive director of investment operations at Raidah Investment Company. He has also worked in the finance department at Saudi Aramco, and is on the board of directors of Alinma Bank.
He holds a master’s degree in business administration from the American University in Washington, and a bachelor’s degree in finance from George Washington University. In addition he has a number of qualifications in finance and investment management.
The fund, which is financially and administratively independent, specializes in supporting projects by private sector enterprises, nongovernmental organizations and associations working in cultural sectors and supporting fields. It also provides nonfinancial advisory services to groups and individuals working in a variety of cultural fields and contributes to the formation of effective strategic partnerships.
The decision to appoint Bin Dayel as CEO of the CDF was issued last month by the fund’s board of directors, which is headed by Minister of Culture Prince Badr bin Abdullah bin Farhan. It came as the fund plans to attract national talent, and implement development plans that support investment in cultural sectors by establishing programs to develop the cultural scene, with the support of the Quality of Life Program, one of the initiatives designed to help achieve the objectives of the Kingdom’s Vision 2030.