The Board of Directors of the National Development Fund has announced the appointment of members to the Board of Directors of the National Infrastructure Fund. This marks the inaugural formation of the board for the Fund.
The newly appointed board members bring a wealth of national and international expertise in infrastructure, finance, and investment. The board includes Dr. Nabeel Al-Amoudi, CEO of Olayan Financing Company; Abdulaziz Al-Arifi, CEO of the Shareek Program; Dr. Stephen Groff, Governor of the National Development Fund; Ismail Al-Salloum, CEO of the National Infrastructure Fund; Stephanie von Friedeburg, Managing Director of Banking and Capital Markets Advisory at Citigroup and former Chief Operating Officer of the World Bank Group and Executive Vice President at the International Finance Corporation; and Marie Lam-Frendo, CEO of Strategy at Meridiam SAS, who has previously served as CEO of the Global Infrastructure Hub and Head of Infrastructure Initiatives at the World Economic Forum.
In February, the Board of Directors of the National Development Fund, chaired by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, selected Faisal bin Fadel Al-Ibrahim as the Chairman of the Board of Directors of the National Infrastructure Fund.
Since its establishment, the Fund has been actively contributing to the acceleration of infrastructure projects within the Kingdom. This includes financing major projects in green hydrogen and solar energy, underscoring the Kingdom’s commitment to transitioning to clean energy. The Fund aims to enhance the attractiveness of investments for the private sector and investors both locally and internationally in new and promising sectors.
The National Infrastructure Fund is one of the developmental funds and banks regulated by the National Development Fund. It acts as a leading development finance partner for infrastructure projects in the Kingdom, working to enable and accelerate strategic infrastructure projects that contribute to the goals of Vision 2030 and improve the quality of life for individuals and the community. The Fund encourages partnerships with the private sector by attracting local and international investors to participate in and invest in innovative infrastructure projects through a range of financial products and solutions. These efforts aim to deepen the infrastructure finance markets in the Kingdom and focus on high-impact developmental projects across vital sectors, aligning with the ambitious aspirations of the Kingdom.
