Fahad Al-Saif Named Saudi Minister of Investment

Saudi Arabia has appointed Fahad bin Abduljalil Al‑Saif as the Kingdom's new Minister of Investment, following a royal decree issued on 12 February 2026. He succeeds Khalid Al‑Falih in the post.

Under a royal order issued the same day, Al‑Falih was relieved of his role as Minister of Investment and named Minister of State and a member of the Cabinet.

The new minister brings extensive experience from the Public Investment Fund (PIF), where he previously held senior positions leading investment strategy as well as global capital finance and economic insights divisions before moving into his ministerial role.

The appointment forms part of a wider Cabinet reshuffle that touched several ministerial, judicial, regional, and advisory positions across the country.

Why it matters

The Ministry of Investment continues to lead the Kingdom's efforts to attract foreign direct investment and promote investment opportunities under رؤية السعودية 2030. For residents, business owners, and expats, the ministry's work shapes the wider economic environment and job market across the Kingdom.

There are no changes to official fees, validity periods, or procedures on أبشر, مقيم, قوى, ناجز, نفاذ, or توكلنا associated with this royal order in the information currently available.

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