Jada names Bandr Alhomaly as CEO

Fund of Funds Co. (Jada), a subsidiary of the Public Investment Fund (PIF), stated that its board of directors approved the appointment of Bandr Alhomaly as CEO.

In a statement, the company added that the appointment will strengthen Jada’s leadership and further stimulate Saudi Arabia's venture capital and private equity ecosystem, given Alhomaly's extensive financial and capital markets experience in both the public and private sectors.

Alhomaly previously held several leadership roles internationally and locally, including Alternate Executive Director and member of the Executive Board of the International Monetary Fund (IMF); G20 Policy Lead in the Finance Track; Head of Delegation for Saudi Arabia at the G20 International Financial Architecture Working Group and member of the executive leadership of the Saudi Capital Market Authority (CMA), where he held several positions during his tenure.