Saudi and global leaders convene to boost governance and collaboration.
PIF brings together more than 1,000 board members and executives from its portfolio companies around the world for the second edition of the PIF Directors’ Gathering.
Over 1,000 leaders aligned on shared goals
The event brought together directors and executives from Saudi Arabia and beyond to align on priorities between PIF and its portfolio companies and exchange insights to enrich the PIF ecosystem.
The Directors’ Gathering focused on optimizing board performance and fostering collaboration among PIF’s portfolio companies and their stakeholders. Held in Riyadh, the event involved directors and executives from around 220 portfolio companies, 103 of which were created and established by PIF, in line with its mission to drive Saudi Arabia’s economic transformation.
Speaking to the delegates, PIF Governor H.E. Yasir Al-Rumayyan outlined PIF’s vision and the board’s three main priorities: brainstorming and setting strategy, ensuring effective governance frameworks, and monitoring performance, all in light of the evolving macroeconomic context and innovations. He emphasized that these efforts can turn challenges into opportunities to lead, grow, and innovate.
PIF portfolio companies strengthen board performance together
He also stressed the importance of collaboration across the PIF ecosystem, reminding delegates that this should be the main measure of success. Directors were urged to see PIF and its 220 portfolio companies as a single ecosystem, using this perspective to leverage the diverse strengths and experiences within.
Throughout the day-long forum, directors and executives explored topics such as redefining board impact in the context of national transformation, strengthening oversight in a shifting risk landscape, succession planning, and governance issues linked to AI and emerging technologies. Delegates also highlighted the importance of a growth mindset and the potential for synergies in the PIF ecosystem and the private sector.
New governance practices tailored for Saudi transformation
PIF provides a comprehensive governance guide for its fully owned companies to ensure adherence to the highest standards and best practices. Its strategy for portfolio companies emphasizes merit-based hiring, high-quality performance, and clear roles and responsibilities for management and boards, fostering creativity and accountability.
This forum is part of PIF’s broader corporate excellence program, including the Center for Governance, founded in 2020. The center is a dedicated platform offering directors within and outside the PIF ecosystem the resources and guidance to leverage corporate governance for sustainable value creation in Saudi Arabia and globally.
The center’s three main business lines, development programs, advisory services, and research and thought leadership, equip directors and company secretaries with the tools to uphold effective governance. Over 70 tailored programs cover topics such as IPO preparation, sustainability, board effectiveness, and audit oversight.
Collaboration as a key driver of success
PIF’s commitment to best practices in corporate governance aims to boost innovation across the local private sector and enhance Saudi Arabia’s appeal as a destination for international business.
As one of the world’s most influential investors, PIF drives the creation of new sectors and opportunities shaping the global economy while supporting Saudi Arabia’s economic diversification.
Launched in 2023, the PIF Directors’ Gathering has become a key platform for collaboration, insight-sharing, and boardroom excellence within PIF, its portfolio companies, and beyond. It contributes to the dialogue on effective governance and board leadership across the region and the world.
Collaboration as a key driver of success
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