Strengthening leadership to drive investment and transformation.
PIF has announced the appointment of Saad Alkroud as Head of the Local Real Estate Investment Division. Saad, who has served as Chief of Staff since 2021, takes over this role following the appointment of Eng. Aiman AlMudaifer as Managing Director and Chief Executive Officer (CEO) of NEOM. Meanwhile, Maram Al Johani has been named Acting Chief of Staff and appointed as Secretary General to the PIF Board of Directors.
In his new position, Saad will oversee the development of PIF’s local real estate and infrastructure investment portfolio, which includes the giga-projects and other strategic initiatives.
Saad Alkroud to lead real estate investments
Saad began his tenure with PIF in 2016 as Head of Stakeholder Management, managing PIF Board and Committee affairs, international relations, and relationships with Saudi entities to deliver strategic goals. In 2021, he was appointed Chief of Staff and later took on additional responsibilities as Secretary General to the PIF Board of Directors in 2022. In these roles, he supervised corporate strategy, business plans, the PIF Project Management Office, and portfolio company governance. Saad also serves on the boards of several PIF companies.
Reinforcing a solid leadership foundation for growth
Aiman has led the Local Real Estate Investment Division since 2018, driving significant growth and transformation. As of 2023, the division’s portfolio included more than 35 real estate companies, with investments in real estate and infrastructure delivering sustainable returns and supporting Saudi Arabia’s economic diversification. Aiman has been Acting CEO of NEOM since November 2024 and is a board member of multiple PIF portfolio companies.
Maram Al Johani named Acting Chief of Staff
Maram Al Johani will lead strategic planning, data and committee governance, and project management as Acting Chief of Staff and Secretary General to the PIF Board of Directors. She will also oversee portfolio company affairs and manage international and local stakeholders. Maram joined PIF in 2017 after working at PricewaterhouseCoopers (PwC) and has extensive experience in governance and advisory roles, having served as Head of Data and Committees Governance and Advisory since 2021.
Supporting PIF’s 220+ portfolio companies
These appointments reinforce PIF’s strong leadership foundation and support the delivery of its unique mandate and long-term strategy—within the organization and across its 220+ portfolio companies—to drive global economic growth and transform Saudi Arabia’s economy.
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