Saudi Arabia’s Real Estate Development Fund appoints Mansour bin Madi as CEO

SourceGulf Business
SectorReal Estate
CountrySaudi Arabia

Mansour bin Saeed bin Madi has been appointed as the CEO of Saudi Arabia’s Real Estate Development Fund.

The appointment was approved by the fund’s boards of directors, headed by Majid bin Abdullah Al-Hogail, the Minister of Municipal Rural Affairs and Housing.

Mansour bin Madi possess more than 30 years of leadership and practical experience in the financial sector, during which he worked on strategising, planning and launching various financial and funding products and solutions as well as spearheading digital projects on both local and international levels, a statement said.

He has held many positions, the last of which was his assignment as the general manager of the Real Estate Development Fund.

During that period, Bin Madi has led the fund to successes that contributed to realising the goals of the Saudi housing programme. Meanwhile, the Real estate development fund innovatively accommodated a 15-year long waiting list in just three years to achieve the Saudi housing target for 2020 (60 per cent), more...