In a move reflecting Saudi Arabia's commitment to enhancing the efficiency of its economic and investment system, Fahd bin Abduljalil Al-Saif Minister of Investment, entrusting him with vital portfolios at a critical juncture in the realization of Vision 2030. This appointment was not arbitrary, but rather the culmination of a distinguished career that combined banking discipline, innovation in government finance, and strategic leadership at the Public Investment Fund.
Roots and Foundations: From King Fahd University to the Pinnacle of Banking
Al-Saif's journey began at King Fahd University of Petroleum and Minerals , the prestigious academic institution that has produced many of the Kingdom's energy and economic leaders. He graduated with the scientific foundation that enabled him to make a strong entry into the banking sector. For over 26 years, Al-Saif held leadership positions in major financial institutions, including his work at SABB (now Alawwal Bank), where he managed treasury and investment portfolios, gaining invaluable experience in understanding global markets and the dynamics of capital flows.
Financial Balance Engineer and Debt Management
Prior to assuming his ministerial post, Fahad Al-Saif achieved remarkable success by establishing and managing the National Debt Management Center at the Ministry of Finance. During that period, he played a pivotal role in shaping the Kingdom's public debt strategy and successfully secured government financing through record-breaking domestic and international bond and sukuk issuances. He is credited with diversifying funding sources and maintaining the Kingdom's strong credit rating despite global economic challenges, reflecting the strategic mindset of a planner capable of balancing risks and opportunities.
Green finance pioneer at the Public Investment Fund
Perhaps the most notable milestone that drew the attention of the international economic community to Al-Saif was his leadership role at the Public Investment Fund (PIF ), where he headed the Global Investment Finance Department. He is credited with formulating and launching the "Green Finance Framework," which enabled the Fund to issue its first-ever green bonds, including a landmark 100-year bond issuance. This move was not merely a financial instrument; it was a message to the world about the Kingdom's commitment to environmental and governance (ESG) standards, thus enhancing the Kingdom's attractiveness to quality foreign investments seeking sustainability.
Membership in Strategic Councils: A Comprehensive Overview
The new minister's expertise extends beyond figures and finance to include strategic oversight of mega-projects. Al-Saif serves on the boards of giant companies that form the backbone of the new Saudi economy, such as NEOM , ACWA Power , and King Abdullah Economic City . This direct involvement in these mega-projects gives him a comprehensive understanding of the needs of both foreign and local investors on the ground, far removed from theoretical discussions in an office.
The future of investment: localization and sustainability
Today, with his move to the Ministry of Investment, Fahad Al-Saif enters his new office with a mindset that combines the flexibility of the private sector with the decisiveness of the public sector. It is expected that the next phase will witness a strong focus on "sustainable investment" and the localization of technologies, with the aim of attracting smart foreign capital that contributes to the non-oil GDP. His combined expertise in sovereign debt structuring and innovative financing solutions makes him the ideal person to transform the Kingdom into the world's leading investment destination, thereby achieving the ambitious goals of Vision 2030.
