Yasir bin Othman Al-Rumayyan is a Saudi businessman who is Governor of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, the chairman of Newcastle United F.C., and the Chairman of Saudi Aramco.
He is the new chairman of Newcastle United and the talk of the town. The club’s ownership by Mike Ashley has come to an end. New owners are taking over the club. Newcastle United has a new owner, thanks to an agreement between the Public Investment Fund and Yasir Al-Rumayyan.
Yasir Al-Rumayyan Age, Date of Birth, Birthday, Family, what about his father, mother, where is he from? Early Life.
Yasir bin Othman Al-Rumayyan is his full name. On February 18, 1970, he was born and he is currently 51 years old. He is a wealthy businessman who has made investments in a variety of European companies.
There is no information about his family background but we will update soon.
Yasir Al-Rumayyan Net worth, how much did he earn?
Yasir Al-Rumayyan has a significant fortune thanks to his oil business and financial investments. He is now the owner and chairman of the Newcastle United Football Club. The old and new owners agreed to a £300 million+ agreement.
He was born in Saudi Arabia and is 51 years old. Yasir has a total net worth of £300 billion. He is one of Saudi Arabia’s wealthiest individuals. Yasir serves on the boards of several firms, including Uber, Reliance Industries, Softbank, and others. He wants to diversify Saudi Arabia’s economy away from oil and toward entertainment and tourism.
Yasir Al-Rumayyan Wife, His Relationship, What about Children?
There is barely any information about Yasir Al-wife Rumayyan’s or children. However, we know that he has a wife and a son named Faisal, who is a student at New York University.
Yasir Al-Rumayyan Career
He began his career at Saudi Hollandi Bank, becoming head of international brokerage before joining the Capital Markets Authority (CMA), where he was head of securities listings.
Between 2011 and 2015, Al-Rumayyan was CEO of Saudi Fransi Capital (SFC), the investment banking arm of Banque Saudi Francis. From 2014 to 2015 he was on the board of directors of the Saudi Stock Exchange.
Public Investment Fund
In September 2015, Al-Rumayyan was appointed managing director of the Public Investment Fund of Saudi Arabia.
In 2016, PIF invested $3.5 billion in the US-based Uber Technologies Inc. He joined Uber’s board of directors as part of the agreement.
In August 2016, Al-Rumayyan joined the board of the state oil company Saudi Aramco as part of a move toward closer cooperation between Aramco and PIF in restructuring the Saudi economy. In October that year, PIF invested $45 billion in the newly established SoftBank Vision Fund. PIF invested $20 billion in a joint US infrastructure fund with Blackstone, In May 2017.
In October 2017, Al-Rumayyan announced that PIF would aim to increase its assets under management to more than $400 billion and create more than 20,000 new jobs by 2020. At the same time, he presented a new investment strategy for the fund, based on four objectives of maximizing assets, investing in new sectors, localizing technologies, and developing economic partnerships.
SoftBank Group and Reliance Industries Ltd
He also said PIF would borrow conservatively to finance specific assets and would seek further partnerships such as those with Blackstone and SoftBank. He sits on the boards of SoftBank Group and Reliance Industries Ltd.
Al-Rumayyan was involved in the transfer of assets to PIF in the wake of the Saudi Arabian regime’s 2017 purge. Al-Rumayyan transferred 20 companies that had been seized by the regime into the PIF. One of these companies was later alleged to be used by Saudi operatives in the murder of journalist Jamal Khashoggi.
In September 2018, Al-Rumayyan announced PIF’s first step in incorporating loans and debt instruments into its long-term strategy, with an $11 billion loan facility. The following month he said the fund would aim to increase the percentage of international assets in its portfolio from 10% to 50% by 2030.
At the Milken Institute in Abu Dhabi in February 2019, Al-Rumayyan announced that PIF would open new offices in London, New York, and San Francisco, and would increase its workforce from 450 to 700 by the end of 2019. He also said the fund would invest in renewable energy projects in Saudi Arabia, including the local manufacture of solar panels.
In October 2021, PIF announced that the acquisition of Newcastle United F.C. by the consortium consisting of the Public Investment Fund and Al-Rumayyan would be elected as chairman of the club after PIF acquired the club.
Where he attended his High school and University? What was his major?
He graduated from King Faisal University in Alahsa in 1993, later completing a general management program at Harvard Business School in 2007.
Yasir Al-Rumayyan Social Media Reach
We looked for him on Instagram, Twitter, Facebook, and other social media platforms but were unable to locate him.
He must have a social media account under a different name, or he may not have any. Maybe he likes a private life.
Yasir Al-Rumayyan’s Body Appearance Height, Weight
|Height||N / A|
|Weight||N / A|
Interesting facts about Yasir Al-Rumayyan’s which you should know
|Education||King Faisal University|
|Birthdate||February 18, 1970|
|Full Name||Yasir bin Othman Al-Rumayyan|
|Age (as in 2021)||51 years|