Top 100 Arabs 2024

1. Yasir Al-Rumayyan

Chairman, Aramco/governor, Public Investment Fund

Origin: Saudi Arabia

Residence: Saudi Arabia

Sector: Diversified

Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund, has had an enterprising year, steering the sovereign wealth fund’s strategy to diversify the kingdom’s economy and investment in growth sectors. The fund launched several companies to develop the local economic landscape, as well as established investment firms to seek opportunities across the MENA region. Besides its giga-projects, the fund set up Ceer, the kingdom’s first electric vehicle brand by virtue of a JV with Foxconn. Meanwhile, oil giant Aramco, of which Al-Rumayyan is chairman, is targeting to increase its production capacity to 13 million barrels a day by 2027. It also aims to build a petrochemical complex in the kingdom, in partnership with French company TotalEnergies. Al-Rumayyan, who serves on the boards of Uber and Reliance Industries Limited, will also chair new national carrier Riyadh Air. 

Dr Sultan Al Jaber