Saudi Arabia’s $320 billion pension fund manager has hired the former head of local investment bank Riyad Capital as its new chief executive officer.
Sabty Sulaiman Al-Sabty will take over as CEO on Dec. 1, a Hassana Investment Co. spokesperson told Bloomberg News. He succeeds Saad Alfadly, who left after over a decade in the role and later joined Brookfield Asset Management Ltd. as chairman of its Saudi Arabia operations.