CEOs Of MENA's Biggest Wealth Funds

Meet the heads of the region's most successful and asset-rich sovereign wealth funds. We compiled this list based on the size of the fund (according to data from the Sovereign Wealth Fund Institute), the strategic importance of its portfolio to the country, and the prominence of the fund's CEO.

- HANA HANY,

1. Yasir O. Al-Rumayyan

Public Investment Fund (PIF)

Al-Rumayyan has been Governor of Saudi Arabia’s PIF since 2017. The fund had assets under management worth $620 billion as of June 2022, an increase of over 44% since July 2021. It aims to have assets worth over $1 trillion by 2025. In May 2022, PIF announced that it was launching a Saudi Coffee Company and expected to invest $320 million in the industry over 10 years. In the same month, PIF purchased 16.87% of Kingdom Holding Company’s shares for a total of $1.5 billion. Al-Rumayyan is also the chairman of Saudi Aramco, Ma’aden, and the Saudi Decision Support Center and an advisor to the General Secretariat of the Council of Ministers. He sits on the boards of Uber Technologies, Inc. and ARM Limited, and he is the director of Newcastle United.

2. Ghanem S. Al-Ghenaiman

Kuwait Investment Authority (KIA)

Al-Ghenaiman took the helm of KIA in August 2021. It is the world’s third-largest sovereign wealth fund and the biggest in the Middle East, with total assets under management worth $737.9 billion as of June 2022. The company has nine subsidiaries and two main funds—Kuwait’s General Reserve Fund and the Future Generations Fund—in addition to all other funds authorized by the Ministry of Finance on behalf of Kuwait. Before joining KIA, Al-Ghenaiman was the acting director-general and deputy director-general for investment for the Kuwait Fund for Arab Economic Development.

3. Hamed bin Zayed Al Nahyan

Abu Dhabi Investment Authority (ADIA)