Riyadh – May 19, 2025, corresponding to 21 Dhu al-Qadah 1446 AH — In a strategic step to strengthen a culture of institutional governance and align management vision, the Public Investment Fund (PIF) organized the second edition of the "PIF Board Members Forum," with distinguished participation bringing together more than 1,000 board members and executives from the Kingdom and around the world, representing more than 220 companies from the Fund's portfolio.

The forum was held in Riyadh as part of the Fund's efforts to align priorities, intensify institutional dialogue, and build strategic partnerships that enhance performance quality and support the goals of national economic transformation. The forum saw notable attendance from senior executives and board members, including representatives of 103 companies established or launched by the Fund, as part of its efforts to diversify the economy and boost local content.

The opening address was delivered by His Excellency Yasir Al-Rumayyan, Governor of the Public Investment Fund, who stressed the importance of the role boards of directors play at this stage, noting that institutional success depends on strategic thinking, building effective governance frameworks, and monitoring performance according to sustainable standards. He also affirmed that the Fund's ecosystem is capable of turning challenges into opportunities for innovation and growth, calling for reinforcing the concept of integrated work among all portfolio companies as "one system."

The forum discussed a number of key themes, most notably:

  • Developing the roles of boards of directors in line with economic transformation.
  • Governance in the age of artificial intelligence and modern technologies.
  • Business sustainability and leadership succession planning.
  • Strengthening cooperation between companies within and outside the Fund's ecosystem.

The forum also highlighted the importance of advancing institutional governance through development and advisory programs and scientific research, led by the Fund's Governance Center, which offers more than 70 specialized programs covering topics such as financial listing, board effectiveness, and audit and accountability.

The forum represents a key pillar of PIF's institutional excellence program, reflecting the Fund's standing as a global investor leading economic activity locally and globally, and contributing to building an institutional structure that fosters innovation and attracts international investment.