People Moves: Saudi PIF appoints Saad Alkroud to lead on local real estate
RIYADH, Saudi Arabia -- PIF announced on May 15, the appointment of Saad Alkroud as Head of the Local Real Estate Investment Division. Alkroud has served as Chief of Staff since 2021. This move follows the appointment of Eng. Aiman AlMudaifer as Managing Director and Chief Executive Officer (CEO) of NEOM. Maram Al Johani has been assigned as Acting Chief of Staff and appointed as Secretary General to the PIF Board of Directors.
In his new role, Alkroud will be responsible for developing PIF's local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments.
Alkroud joined PIF in 2016 as Head of Stakeholder Management, overseeing PIF Board and Committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives. In 2021, he was appointed as Chief of Staff, and in 2022 he took on additional responsibilities as Secretary General to the PIF Board of Directors. In that position, he supervised corporate strategy and business plans, the PIF Project Management Office, including the establishment of new companies, and the affairs of PIF's portfolio companies, stakeholders and committees. He also serves on the boards of several PIF companies.