Saudi World Bank Executive Heads Public Fund, Eqtisadiah Says

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.