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Saudi Wealth Fund Appoints Deputy Governors to Spur Growth

Saudi Arabia’s $430 billion sovereign wealth fund appointed two deputy governors as it expands investments in the oil-rich kingdom and abroad.

Turqi Alnowaiser and Yazeed Alhumied will take on the new roles alongside their current responsibilities “to support the fund’s continued growth and expansion,” the Public Investment Fund said Tuesday. They will also act as deputies at selected existing management committees on behalf of governor Yasir Al-Rumayyan.