RIYADH — Hassana Investment Co., the $320 billion investment arm managing Saudi Arabia’s pension funds, has appointed Sabty Sulaiman Al-Sabty as its new Chief Executive Officer, effective December 1, according to a spokesperson quoted by Bloomberg News.
Al-Sabty, who previously served as the CEO of Riyad Capital, brings extensive experience in Saudi Arabia’s financial and investment sectors. His appointment marks a new phase of leadership at one of the Kingdom’s largest institutional investors.
He succeeds Saad Alfadly, who stepped down after more than a decade at the helm. Alfadly has since joined Brookfield Asset Management Ltd. as chairman of its Saudi operations, underscoring growing international interest in the Kingdom’s evolving investment landscape.
Effective December 1, Sabty Sulaiman Al-Sabty will lead Hassana Investment Co., the $320 billion arm managing Saudi pension funds. Al-Sabty, formerly CEO of Riyad Capital, replaces Saad Alfadly, who has moved to Brookfield Asset Management. This change reflects the Kingdom's growing appeal in the global investment arena.