Chairman, Aramco/Governor, PIF
Origin: KSA
Residence: KSA
Sector: Diversified
In what has been an incredibly tough year, one person who has been keenly investigating opportunities – backed by a massive pool of resources – is Yasir Al-Rumayyan, the governor and board member of the Saudi Public Investment Fund (PIF). The kingdom’s sovereign wealth fund – among the world’s largest with roughly $400bn in assets – has been frequently making headlines as it snaps up investments in diverse sectors including video games and fintech. Al-Rumayyan has also pledged that the fund will invest $40bn annually in the kingdom to boost the economy.
Also chairman of the world’s biggest oil producer Saudi Aramco, Al-Rumayyan confirmed last month that the company still intends to sell more shares following its historic IPO in 2019, when it sold less than 2 per cent of its shares and raised $29.4bn.
A close aide of Saudi Crown Prince Mohammed bin Salman, Al-Rumayyan also serves on the boards of Soft-Bank Group and Uber and chairs Sanabil Investments. As Saudi Arabia embarks further on its ambitious Vision 2030 agenda, Al-Rumayyan will play a significant role in making that vision a reality.