LOCAL TALENT

Public Investment Fund elevates more Saudis to senior posts

The changes reflect tensions from the kingdom's reform plans, which aim to create more jobs for citizens but often employ highly paid foreign CEOs

Future Investment Initiative

Public Investment Fund Governor Yasir Al Rumayyan

Saudi Arabia’s Public Investment Fund is shaking up its portfolio companies to put a local stamp on their leadership ranks.

The sovereign wealth fund has begun replacing a number of foreign CEOs with Saudi nationals at more than...