The King Abdullah Financial District Development and Management Company (KAFD DMC) has announced the appointment of Saad Abdulaziz Alkroud as its Chairman of the Board of Directors, effective immediately. Alkroud, a seasoned Saudi real estate investor and developer, brings a wealth of sectoral experience to this position.
Alkroud’s extensive leadership experience spans real estate investment and development across Saudi Arabia. Currently, he holds the role of Head of Local Real Estate Investment Division at the Public Investment Fund (PIF), said a statement.
In this capacity, he is responsible for developing and managing a diverse portfolio of real estate and infrastructure investments, including significant giga-projects. His portfolio also encompasses a range of assets across the hospitality, retail, and leisure sectors.
Alkroud’s career has been marked by several senior positions. Notably, he served as Chief of Staff and Secretary General to PIF’s Board of Directors. In this role, he played a pivotal part in shaping the Kingdom’s strategic agenda and driving economic transformation.
Alkroud commented, “I am honored to assume the chairmanship of KAFD DMC during this defining period for the district. KAFD has established itself as a model for urban development that brings together business, community, and innovation. Indeed, the district’s success to date demonstrates how well-planned developments can contribute to Saudi Arabia’s economic transformation and create lasting value for the businesses and communities we serve. I look forward to working closely with the management team and stakeholders to build on this strong foundation and support KAFD’s continued growth”.
With Alkroud’s strategic direction and board oversight, KAFD DMC is well-positioned to capitalise on emerging market opportunities and solidify its position as the region’s premier mixed-use district, the statement said.
KAFD’s continued evolution as a business and lifestyle destination will further enhance Saudi Arabia’s status as a premier investment hub, aligning with Vision 2030 and advancing its economic transformation.
