RIYADH — Fahad Al Saif has been appointed Saudi Arabia’s Minister of Investment by royal order issued by Custodian of the Two Holy Mosques King Salman, marking a transition from his senior leadership roles at the Public Investment Fund (PIF) to the helm of a ministry central to the Kingdom’s economic transformation.Al Saif moves into the position after playing a pivotal role at PIF, where he led global investment finance and oversaw investment strategy and economic studies.His tenure at the sovereign wealth fund focused on shaping capital allocation frameworks, developing market strategies, and strengthening relationships with international financial institutions and investors.His appointment comes at a time when Saudi Arabia is intensifying efforts to attract foreign direct investment and deepen global partnerships in line with Vision 2030 objectives.His background in capital structuring, strategic planning, sustainability frameworks, and institutional financing is expected to support the Ministry of Investment’s mandate to align long-term economic planning with practical financing mechanisms.At PIF, Al Saif served as Head of Global Investment Finance and previously as Head of Investment Strategy and Economic Studies.In parallel with his executive roles, he chaired the board of Emaar The Economic City and aircraft leasing company AviLease.He also served on the boards of the Saudi Insurance Authority, ACWA Power, the Saudi Real Estate Refinance Company, and the Regional Voluntary Carbon Market Company, and held the position of Vice Chairman of Bahri.Al Saif brings more than 20 years of experience across corporate banking, investment banking, and global financial services.He previously served as Chief Executive Officer and board member of the National Debt Management Center, where he played a role in developing the Kingdom’s debt management framework.He also worked as an adviser to the Minister of Finance and founded the Public Debt Management Office at the Ministry of Finance.His earlier board memberships include the National Center for Privatization, Gulf International Bank – Saudi Arabia, and the International Islamic Trade Finance Corporation.Before joining public sector leadership roles, Al Saif held several positions at Saudi Awwal Bank and occupied senior roles at HSBC Saudi Arabia.He also led the initial public offering of the National Commercial Bank and served on the advisory committee of the Capital Market Authority.