Saudi Arabia's Public Investment Fund (PIF) has announced new leadership appointments including Saad Alkroud as Head of the Local Real Estate Investment Division, Asharq Al Awsat reported on May 16.

The fund also named Maram Al Johani as Acting Chief of Staff and Secretary General to the PIF Board of Directors as part of the leadership reshuffle.

In his new role, Alkroud will be responsible for developing PIF's local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments.

Alkroud joined PIF in 2016 as Head of Stakeholder Management, overseeing PIF Board and Committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives.

In 2021, he was appointed as Chief of Staff, and in 2022 he took on additional responsibilities as Secretary General to the PIF Board of Directors.

Alkroud's appointment came after Eng. Aiman AlMudaifer was named Acting CEO of NEOM since November 2024. AlMudaifer is also a board member of several PIF portfolio companies.

AlMudaifer has led the Local Real Estate Investment Division since 2018, helping to drive significant growth and transformation.

As of 2023, the portfolio included more than 35 real estate companies, with investments in Saudi real estate and infrastructure continuing to deliver sustainable returns.

As Acting Chief of Staff and Secretary General to the PIF Board of Directors, Al Johani will lead organisation-wide strategic planning, data and committees governance, and the project management office.

Al Johani joined PIF in 2017 after working for PricewaterhouseCoopers. She brings extensive experience to both roles, having served as PIF's Head of Data and Committees Governance and Advisory Department since 2021.

PIF said these appointments reinforce the Fund's strong leadership foundation and support the delivery of its unique mandate across its portfolio of more than 220 companies.