{"id":87469,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/01\/national-infrastructure-fund-names-inaugural-bod\/"},"modified":"2024-07-01T00:00:00","modified_gmt":"2024-07-01T00:00:00","slug":"national-infrastructure-fund-names-inaugural-bod","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/01\/national-infrastructure-fund-names-inaugural-bod\/","title":{"rendered":"National Infrastructure Fund names inaugural BoD"},"content":{"rendered":"

#1- The <\/strong>National Infrastructure Fund<\/a><\/strong> named its inaugural board<\/strong>, which will be led by Economy and Planning Minister Faisal Alibrahim, the fund said in a post on X<\/a>. Other board members include Olayan Financing Company CEO Nabeel Alamudi<\/strong> (Linkedin<\/a>), National Development Fund Governor Stephen Groff<\/strong> (Linkedin<\/a>), the International Finance Corporation (IFC\u2019s) first Senior Vice President for Operations Stephanie von Friedeburg<\/strong> (Linkedin<\/a>) among others.<\/p>\n

About the fund: <\/strong>Dubbed \u201cInfra,\u201d the recently established fund aims to spur private-sector investment in the Kingdom\u2019s infrastructure projects. It is supervised by the National Development Fund.<\/p>\n

#2- The board of Tadawul-listed investment giant Kingdom Holding has reappointed <\/strong>Prince Alwaleed bin Talal as the company\u2019s chairman <\/strong>for a three-year term ending in June 2027, according to a disclosure to Tadawu<\/a> l. Lama Al Sulaiman<\/strong> (Linkedin<\/a>) was also reappointed as deputy chair.<\/p>\n

#3- The board of Tadawul-listed Makkah Construction and Development has accepted the <\/strong>resignation of the company\u2019s CEO, <\/strong>Fahd Muhammad Saleh Al Fawaz<\/strong> (<\/strong>bio<\/a><\/strong>) <\/strong>citing \u201cpersonal reasons,\u201d according to a disclosure to Tadawul<\/a>. Al Fawaz has been serving as the company\u2019s CEO since October 2023. He previously served as CEO of Abdul Mohsen Al Hokair Group.<\/p>\n","protected":false},"excerpt":{"rendered":"

Infra is supervised by the National Development Fund<\/p>\n","protected":false},"author":1,"featured_media":87470,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2577],"tags":[10,2703,2270,42,2269],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam-ksa","tag-kingdom-holding","tag-makkah-construction-and-development","tag-moves","tag-national-infrastructure-fund-infra","wpautop","entry"],"acf":{"mongo_id":"d7a7b3b0-aad7-4614-937f-385f20d9b7c3","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2.jpg","photo_position":"above","homepage_title":"","full_issue_title":"National Infrastructure Fund names Economy Minister Alibrahim as chairman","related_issue":[87452],"teaser":"Infra is supervised by the National Development Fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9b7417e0-be30-4422-aeb4-2b9200f7ed94.mp3"},"yoast_head":"\nNational Infrastructure Fund names inaugural BoD - 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