PIF appoints Saad Alkroud as Head of Local Real Estate Investments, Maram Al Johani as Acting Chief of Staff

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) announced the appointment of Saad Alkroud as Head of its Local Real Estate Investment Division. Maram Al Johani has been named Acting Chief of Staff and Secretary General to the PIF Board of Directors.

According to PIF’s statement, Alkroud served as Chief of Staff at PIF since 2021, as the announcement follows the appointment of Aiman AlMudaifer as Managing Director (MD) and Chief Executive Officer (CEO) of NEOM.

In his new role, Alkroud will oversee the development of the PIF’s portfolio in the real estate and infrastructure sector within the Kingdom, including mega-projects and various other strategic initiatives.

Saad Alkroud the PIF's Head of Local Real Estate Investments

In 2016, Alkroud joined PIF as Head of Stakeholder Management, overseeing matters related to the PIF’s Board of Directors and its committees, as well as international relations and engagements with various local entities.

In 2021, Alkroud was appointed as Chief of Staff, and in 2022, he was named Secretary General of the PIF Board of Directors to supervise 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.

He noted that Ayman Al-Mudaifer had led the General Department of Local Real Estate Investments since 2018, during which the PIF’s portfolio of real estate and local infrastructure projects witnessed significant growth and transformation. The portfolio includes more than 35 companies.

Maram Al Johani the PIF's Acting Chief of Staff

On the other hand, Al Johani will lead strategic planning in PIF, data and committee governance, and project management. She will also be responsible for overseeing the affairs of the Fund’s portfolio companies and managing local and international government relations.

Al Johani joined the PIF in 2017 after working at PricewaterhouseCoopers (PwC). She brings extensive experience that strengthens her role as CEO, having served since 2021 as Head of Committee and Data Governance and Advisory Support at the PIF.

The new appointments strengthen PIF’s institutional leadership and support the delivery of the ambitious long-term strategy of the Fund and its portfolio of over 220 companies to create opportunities for the global economy and lead the economic transformation in the Kingdom, the statement highlighted.