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Saudi World Bank Executive Heads Public Fund, Eqtisadiah Says

Sept. 7 (Bloomberg) -- Abdulrahman Almofadhi, an executive director at the World Bank, told Eqtisadiah daily he will head Saudi Arabia’s Public Investment Fund.

Almofadhi assumed the position a few days ago, replacing Mansour Al-Meman as head of the fund that manages 500 billion riyals ($133 billion) in investments with around 287 billion riyals in Saudi equities, the daily newspaper said.

To contact the reporter on this story: Wael Mahdi in Manama at

To contact the editor responsible for this story: Stephen Voss at

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