In 2015, Mr. Yazeed Alhumied joined PIF as an advisor to H.E. the Governor to contribute to PIF restructure and strategy crafting, post its reallocation to Council of Economic and Development Affairs. He was then, in 2016, been appointed as the Chief of Staff, in addition to his advisory post, delivering during that post outstanding achievements, such as contributing to the construction of PIF updated strategy and business plan, managing PIF investment projects from inception to being established as companies, developing a comprehensive governance model for PIF portfolio companies along with establishing the foundations and mechanisms for representations in the Boards of Director for PIF portfolio companies, developing several international strategic partnerships, and enhancing PIF relations to become an enable to other local entities.
In addition to his tenure at PIF, Mr. Yazeed Alhumied’s career journey surpasses the 16 years mark, during which he has developed an extensive experience in both financial and management fields, working between two companies PriceWaterhouseCoopers and House of National Consulting from 2004 to 2008, then joining the Capital Market Authority (CMA) afterwards until 2015. During which he headed the Mergers and Acquisitions, and was exposed to international practices as he was seconded to work at the Malaysian Securities Commission and the regulatory body of mergers and acquisitions in the United Kingdom. He also served as advisor to H.E. the Chairman of CMA, enabling him to develop a comprehensive understanding of the CMA and its practices.
Mr. Yazeed Alhumied contributions reach beyond his executive role, by being a member in permanent committees in PIF such as the Management Committee, the Portfolio Companies Nomination Committee and Management Investment Committee. His contributions exceeds PIF as an organization in both public and private sectors, as being the Chairman of the National Security Services Company, Vice Chairman for the Saudi National Bank, the Saudi Stock Exchange (Tadawul), and Saudi Telecom Company (STC), and a board member in several companies such as Saudi Arabian Airlines, Civil Aviation Holding, Richard Attias & Associates and Flyadeal, in addition to being a member in several sub-committees from the aforementioned boards of directors.
Mr. Yazeed Alhumied holds bachelor’s degree in Accounting from the King Saud University, along with being certified by several of the top tier international academic institutes such as London Business School in executive management programs.
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