His Excellency Yasir O. Al-Rumayyan has been Governor of the Public Investment Fund of Saudi Arabia since 2015, leading all areas of operation of the sovereign wealth fund, which sits at the heart of Saudi Arabia’s Vision 2030 and economic transformation strategy. His Excellency also serves as Advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016.
H.E. Al-Rumayyan’s experience encompasses over 25 years working in some of Saudi Arabia’s prominent financial institutions. He began his career at the Saudi Hollandi Bank, where he occupied key positions across various departments before becoming Head of International Brokerage. In 2004, His Excellency joined the Capital Market Authority as part of the founding team, being appointed Director of the Corporate Finance and Issuance Division in 2008. From 2010 until 2015, he served as Chief Executive Officer and board member of Saudi Fransi Capital, during which he also sat on the board of Tadawul, the Saudi Stock Exchange, from 2014 to 2015.
His Excellency holds key positions on the boards of some of the world’s most influential companies and organizations, most notably as Chairman of Saudi Aramco, the world’s most valuable listed company, a position he has held since September 2019. He has also held the position of Chairman of Ma’aden since September 2019. H.E. Al-Rumayyan is currently a board member of Uber Technologies Inc., Saudi Industrial Development Fund, SoftBank Group Corp. and ARM Limited respectively.
H.E. Al-Rumayyan holds a degree in Accounting from King Faisal University in Saudi Arabia and is a graduate of the Harvard Business School’s General Management Program.
Yasir Al-Rumayyan envisions the Public Investment Fund (PIF) as a key player in driving Saudi Arabia's economic diversification and growth. His vision entails strategic investments, fostering innovation, and contributing to the transformation of the Saudi economy. Al-Rumayyan aims to position PIF as a global powerhouse, forging international partnerships and playing a crucial role in major investment initiatives. With a focus on sustainability and long-term value creation, his vision aligns with the Kingdom's goals of becoming a leading player in various sectors and ensuring a prosperous future for Saudi Arabia.
Yasir Al-Rumayyan, born in Buraidah, Saudi Arabia, in 1970, serves as the governor of the Public Investment Fund (PIF), the sixth-largest fund globally, boasting over $600 billion in assets and worldwide investments. Raised in a Saudi-Syrian household, Al-Rumayyan pursued a degree in accounting at King Faisal University in Al-Hofuf. He commenced his career at Saudi Hollandi Bank and later served as the CEO of Saudi Fransi Capital.
Al-Rumayyan's career trajectory took a significant turn when he caught the attention of Saudi Crown Prince Mohammed Bin Salman (MBS). Following the death of King Abdullah in 2015, MBS invited Al-Rumayyan to join the Royal Court. Swiftly, Al-Rumayyan assumed leadership of the PIF, a role he embraced with diligence.
In 2016, aligned with MBS's Vision 2030, Al-Rumayyan spearheaded the initiative to diversify the Saudi PIF's investments beyond oil, delving into a more global portfolio. His adept skills in golf, with a reported 12 handicap, became instrumental in his influential role. Notably, he also took on the chairmanship of Aramco, Saudi Arabia's esteemed oil company, and secured positions on the boards of directors for major companies like Reliance Industries in India and Uber.
Recognized for his social and negotiating prowess, particularly on the golf course, Al-Rumayyan solidified his status as MBS's right-hand man. His influence extended beyond finance to sports, with the PIF investing in Newcastle United and later spearheading the creation of LIV Golf in 2022. The PIF's $2 billion investment in LIV Golf, covering player bonuses, tournament purses, and staffing, positioned Al-Rumayyan at the forefront of the golfing world.
The pinnacle of his influence in golf came in June 2023 when LIV Golf, PGA Tour, and DP World Tour announced a historic merger. Under the consolidation, Al-Rumayyan ascended to the role of chairman, solidifying his status as the most powerful figure in the golfing realm.
Yasir Al-Rumayyan's achievements are multifaceted and impactful. As the Governor of the Saudi Public Investment Fund (PIF), he oversees the management of assets, leading the fund to become the third-largest sovereign fund in the Arab world, with assets totaling $360 billion. Under his guidance, PIF has made significant international investments, totaling $8.2 billion in 25 global stocks in 2020. Al-Rumayyan also holds key roles in vital national projects, serving as Chairman of Saudi Aramco, the world's most valuable company, and participating in strategic domestic initiatives, including NEOM and the Red Sea Development Company, aligning with Saudi Arabia's 2030 Vision plan. His leadership extends to advisory roles in economic and development affairs, reflecting his comprehensive contributions to Saudi Arabia's public sector.
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