Al-Arifi Named Governor of National Development Fund

Abdulaziz bin Abdulrahman bin Abdulaziz Al-Arifi has been appointed Governor of the National Development Fund in Saudi Arabia by royal order issued on 12 February 2026, with the appointment published on 13 February 2026. The appointment carries the rank of “Excellent.”

The royal order is linked to the Statute of the National Development Fund and forms part of broader leadership changes affecting the Kingdom’s economic and development institutions.

The National Development Fund serves as the umbrella body overseeing Saudi development financing entities and funds. Through this structure, it coordinates the work of the funds and financing institutions that support projects and sectors across the country.

Why it matters

Development financing plays a central role in supporting businesses, projects, and initiatives that shape the wider economy. Leadership at the umbrella level influences how these entities are guided and coordinated, which can affect the programs and support available to individuals, entrepreneurs, and companies operating in the Kingdom.

The appointment reflects continued attention to the organization of Saudi Arabia’s economic and development institutions. Saudi Living will share further details as they become officially available.

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