Top 100 Arabs 2025

3. Yasir Al-Rumayyan

Governor, Public Investment Fund; chairman, Aramco

Origin: Saudi Arabia

Residence: Saudi Arabia

Sector: Diversified

2024 Rank: 1

Yasir Al-Rumayyan drives Saudi Arabia’s economic transformation in his role at PIF, aiming to make it the world’s largest sovereign wealth fund by 2030. In 2023, PIF invested $31.6bn across 49 deals, a 33 per cent increase, acquiring companies like Scopely and expanding stakes in Aston Martin. PIF launched Alat for sustainable technology and saw its US equities grow by 18 per cent.

PIF’s commitment to sustainability is evident, with the fund ranking joint second globally and first in the Middle East in the Global SWF GSR Scorecard. PIF has also been recognised as the world’s most valuable sovereign wealth fund brand, with a brand value of $1.1bn and an A+ brand strength rating. PIF is projected to reach $2tn in assets under management by 2030, reinforcing its growing global influence.

More recently, PIF became an anchor investor in Goldman Sachs’ GCC funds, launched QSAS and Al Waha Duty-Free, and invested in tourism infrastructure.

PIF’s sukuk programme allocated SAR 9.435bn, and it partnered with SACE for $3bn in potential projects. PIF excels in sustainability and brand value, targeting $2tn in assets by 2030.

PIF’s 2024 investments include stakes in TAWAL, Selfridges, and Heathrow Airport, and it’s ventured into AI and space. Al-Rumayyan is also the chairman of Saudi Aramco, which reported a 12 per cent profit decrease in 2024 to $106.2bn due to lower oil prices, with 2025 dividends projected at $85.4bn. He also chairs Riyadh Air and holds board positions at Uber and Reliance, advancing Saudi’s Vision 2030.

Dr Sultan Al Jaber

HH Sheikh Ahmed bin Saeed Al Maktoum