Saudi Arabia’s King Salman bin Abdulaziz issued a series of Royal Decrees on Thursday including a decree appointing Fahd Al Saif as the new investment minister, replacing Khalid Al-Falih.
Al Saif was previously head of the PIF's investment strategy and economic insights division. Al-Falih has instead been appointed as a Minister of State and a member of the cabinet.
Other Royal Decrees were also issued as follows:
Abdullah Al-Maghlouth shall be appointed Vice Minister of Media.
Abdulmohsen Al-Mazyad shall be appointed Vice Minister of Tourism.
Khalid Al-Yousef shall be appointed Attorney General.
Sheikh Ali Al-Ahaideb shall be appointed President of the Board of Grievances.
Faihan Al-Sahli shall be appointed Director General of the General Directorate of Investigation.
Abdulaziz Al-Arifi shall be appointed Governor of the National Development Fund.
Haytham Al-Ohali shall be appointed Governor of the Communications, Space and Technology Commission.
Fawaz Al-Sahli shall be appointed President of the Transport General Authority.