PIF’s Al Saif to drive data-led strategy for attracting new capital

Saudi Arabia’s Public Investment Fund has hired from within to lead its Investment Strategy and Economic Insights division as the kingdom looks to tap foreign investors and lucrative sectors to fund its massive economic transformation plan.

Fahad Al Saif will start in the role immediately and continue as Head of the Global Capital Finance Division, overseeing government asset transfers, fundraising and investor relations, according to a statement from the PIF.

Prior to joining the nearly trillion-dollar sovereign wealth fund in 2020, Al Saif was CEO of the Saudi National Debt Management Center and an adviser to the Finance Minister.

In his new role, Al Saif will be the official informant on what should drive the PIF’s overarching investment strategy and lead research on market trends and net zero strategies, according to the PIF.