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 Appointment of Ali Al-Ayed As Director General

HE Minister of Finance has recently approved appointment of Mr. Ali Bin Abdullah Al-Ayed to act as Director General of the Saudi Industrial Development Fund. Mr. Al-Ayed expressed his appreciation and gratitude to HE Dr. Ibrahim Bin Abdulaziz Al-Assaf, Minister of Finance, and to the HE Dr. Abdullah Al- Homaidi, Chairman of the Saudi Industrial Development Fund. Paying tribute to their Excellencies for their valuable trust, Mr. Al Ayed assured that he will assume the duties of his new position to the best he can, leaning on Almighty Allah’s support in enabling him to further boost the Fund’s ongoing endeavors towards advancement of industrial development of the country to secure a leading global position at the level of industry and economy.

Mr. Al-Ayed holds a B.Sc. in industrial management from King Fahad University of Petroleum & Mineral Resources. He also received a degree from Chase Manhattan Bank, New York, in financial analysis besides completion of numerous training programs held by professional training institutions specializing in management and finance. His career with the Fund started since his graduation, and he engaged several professional, supervisory and leading jobs. The professional qualities and outstanding performance of Mr. Al-Ayed qualified him for directorship on the boards of investment and industrial corporations within the Kingdom. Recently, he was appointed as director on the boards of the Saudi Credit & Saving Bank and the National Program for Development of Industrial Compounds.

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