Abdulaziz Al-Arifi was appointed to be the new chief financial officer of Riyadh-based Jadwa Investment. The appointment is part of the major investment firm’s expansion, with Al-Arifi being given the responsibility of leading the company’s new business strategy.
Al-Arifi has more than ten years of experience working in the financial services sector. He is coming to Jadwa from the Saudi National Shipping Company, Bahri. Al-Arifi was the treasure at Bahri, overseeing their investments and managing liquidity and financing.
Al-Arifi also has a great deal of capital market experience, and played an important part in Bahri’s purchase of Vela. He is also a founding member of the corporate finance department at the Capital Market Authority, which was launched in 2004.
“I am happy to be part of Jadwa’s management team. Jadwa has a talented qualified team with extensive experience, which is evident through the performance of Jadwa Investment’s portfolio in both asset management and private equity. I look forward to work closely with the team to achieve further growth and success in the future,” Al-Arifi said.
Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, said: “We are delighted to welcome Abdulaziz on board. His appointment is part of Jadwa Investment’s ongoing efforts to strengthen our executive management team. Abdulaziz is a strong leader and has demonstrated the kind of superior business and financial acumen that makes him uniquely qualified to lead our finance team. We are certain that our team will benefit from the skills he has built as we look to continue to execute our business strategy.”