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RIYADH: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on Sunday announced several new senior appointments, just days after it also created two new deputy governor roles as part of its expansion drive.
The fund announced the appointment of Eyas Al-Dossari and Omar Al-Madhi as senior directors to its MENA investments division, and Abdullah Shaker as senior director to the global capital finance division.
Al-Dossari joins PIF from his position as managing director and head of investment banking for Goldman Sachs Saudi Arabia, where he served since 2017. He also previously worked at HSBC Saudi Arabia and the initial public offering and merger and acquisitions department at the Saudi Capital Market Authority.
IMF mission positively rates Saudi Arabia’s reforms
Talat Zaki Hafiz
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Saudi Arabia’s successful economic reforms, as well as an expected decline in the jobless rate and inflation, were underscored in a concluding statement issued as part of the preliminary findings of International Monetary Fund (IMF) staff at the end of a recent official visit to the Kingdom.
The IMF staff forecast that real gross domestic product (GDP) will grow by 2.1 percent this year and by 4.8 percent in 2022 (compared with a 4.1 percent contraction in 2020).
The statement indicated that non-oil GDP will grow by 3.9 this year and 3.6 percent in 2022, compared with a decline of 2.3 percent in 2020.