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#1- The National Infrastructure Fund named its inaugural board, which will be led by Economy and Planning Minister Faisal Alibrahim, the fund said in a post on X. Other board members include Olayan Financing Company CEO Nabeel Alamudi (Linkedin), National Development Fund Governor Stephen Groff (Linkedin), the International Finance Corporation (IFC’s) first Senior Vice President for Operations Stephanie von Friedeburg (Linkedin) among others.
About the fund: Dubbed “Infra,” the recently established fund aims to spur private-sector investment in the Kingdom’s infrastructure projects. It is supervised by the National Development Fund.
#2- The board of Tadawul-listed investment giant Kingdom Holding has reappointed Prince Alwaleed bin Talal as the company’s chairman for a three-year term ending in June 2027, according to a disclosure to Tadawu l. Lama Al Sulaiman (Linkedin) was also reappointed as deputy chair.
#3- The board of Tadawul-listed Makkah Construction and Development has accepted the resignation of the company’s CEO, Fahd Muhammad Saleh Al Fawaz (bio) citing “personal reasons,” according to a disclosure to Tadawul. Al Fawaz has been serving as the company’s CEO since October 2023. He previously served as CEO of Abdul Mohsen Al Hokair Group.
