Al-Arifi Named Governor of National Development Fund

A royal order issued on 12 February 2026 appointed Abdulaziz bin Abdulrahman bin Abdulaziz Al-Arifi as Governor of the National Development Fund, at the rank of Excellent. The appointment was published in the official gazette Umm Al-Qura on 13 February 2026.

The National Development Fund is a government fund based in Riyadh and forms part of the kingdom's development-finance ecosystem, which supports lending and financing programs across a range of economic sectors.

The fund plays a central role in coordinating the work of Saudi Arabia's development funds and financing institutions, an area closely tied to the goals of the country's ongoing economic diversification and growth plans.

For residents, businesses, and investors in the kingdom, leadership appointments of this kind reflect the continued organization of the national development-finance sector, which underpins funding channels reaching a wide array of industries and enterprises across Saudi Arabia.

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