Abdulelah Sabbagh

Strategy at Public Investment Fund - Project

📍 Saudi Arabia🔄 Updated September 2026💼 1 investments📅 7 years investing🗓 Last invested Jan 2019
VC🌍 Saudi Arabia
1
Total investments
1
Early stage
0
Mid stage
0
Late stage
7y
Years active

Portfolio

1 investments · sorted by recency
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Angel Investor
Jan 2019
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Experience · 6 entries
All (6)
Investments (1)
Founder (2)
2021
Strategy & Business Planning
Jun 2021
About Public Investment Fund (PIF) is building a world-class domestic and international investment portfolio, and is positioned to be transformed into the world’s largest sovereign wealth fund. Background The Public Investment Fund was originally established in 1971 to invest in commercial projects. In addition to making select investments in a range of companies and assets domestically and internationally. The Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom. In March 2015, the Council of Ministers issued a decree to transfer oversight of the Public Investment Fund to the Council of Economic and Development Affairs (CEDA). A new Board of Directors was appointed, chaired by His Royal Highness Crown Prince Mohammed Bin Salman Bin Abdulaziz, Chairman of CEDA. Vision and Objectives The Public Investment Fund aims to be a global investment powerhouse and the world’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. Portfolio The Public Investment Fund has a diverse portfolio made up of a significant number of investments, of which around 20 are listed on the Tadawul, the Saudi Stock Exchange. The Fund is building an investment portfolio that is diversified and risk-adjusted across sectors, geographies and assets classes. All investments are primarily based on economic and financial criteria, with a focus on achieving attractive long-term financial returns. General Enquires: Info@pif.gov.sa Media Enquires: Media@pif.gov.sa Careers: Jobs@pif.gov.sa
2020
Strategic Project/Portfolio
Jan 2020
Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 5,900 employees, we take pride of being among the Saudi organizations with the highest national employment rate of 94%. We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects. We offer innovative and remarkable financing solutions through a network of 308 branches, and more than 53,580 POS, in addition to more than 2,542 ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore help in supporting the international banking needs of such customers. Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security. Riyad Bank has achieved total assets as of September 30, 2020 reached SAR 308,558 million compared to SAR 250,573 million as of September 30, 2019, an increase of 23.1%. Customer deposits are higher by 13.3% to reach SAR 201,292 million as at September 30, 2020, against SAR 177,672 million as at September 30, 2019. Loans and Advances, net are higher by 14.8% and stood at SAR 190,823 million as at September 30, 2020 against SAR 166,275 million as at September 30, 2019.
2019
Angel Investor
Jan 2019
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2018
Co-Founder
Aug 2018
Bawsala is the simple way to talk about location: by a Alphanumeric code. We have created a unique code for every house and building in Saudi Arabia that remains unchanged forever. BAWSALA is a addressing system that redefines addresses from the conventional, old, language-explicit, complex and multi-line addresses into a, digitized code that can be easily memorized, and shared with including business and services like E-commerce and other delivery applications. BAWSALA enables individuals and organizations to comprehensively benefit from its services. عناوين رقمية ذكية برمز فريد لكل مدخل ! بوصلة هي نظام عنونة ذكي يقوم بإعادة تعريف العناوين من النظام القديم المعقد، الذي يعتمد على الكلمات والأرقام، والمتكون من عدة أسطر إلى نظام رقمي، أنيق، وقابل للبحث يحتوي على معلومات أكثر في رمز واحد رمز بسيط يسهل حفظه ومشاركته مع أي أحد وفي أي مكان، وبالأخص تطبيقات التسوق والتوصيل. بوصلة تسمح للأفراد والمؤسسات من الاستفادة من جميع خدماتها.
2016
Co-Founder
Dec 2016
appinov is a software company supporting the companys digital transformation and achieving excellence in their operation. appinov specializes in UI/UX, Website and Mobile Application development. Our Vision to take our client a step higher to boost and maintain their business goals Our goals are to deliver the unique digital products to our client where quality exceed expectation
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