Mr. Rakan Abdullah Abunayyan has been appointed as Chairman of Alistithmar Capital since April 2022. Rakan is an experienced investment executive who has spent the last 18 years working in different fields from Investment research, teaching, and investing and worked in several aspects wearing the hat of the regulator from his experience in the Central bank of Saudi to the investment side being known as an active investor in Saudi Arabia. Rakan brings hands-on experience in turning around legacy enterprises, growing green fields into market leaders, innovating products, implementing digitization and creating new operating models by being an active player in the venture capital market in Saudi. Rakan now is an active board member in several companies in Saudi, such as, Ashmore Investment Saudi Arabia, Abunayyan Trading company, First Milling company, and the Chairman of MEDGULF Insurance co. where he led its transformation. Rakan was also an advisory board member to the Capital Market Authority, and a board member in Riyadh Chamber of commerce. Rakan currently is the Chief Investment Officer of Abunayyan Holding a conglomerate company that engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets in the Kingdom of Saudi Arabia and the Gulf countries. Rakan holds a Bachelor degree in Accounting from King Saud University in Saudi Arabia and a Master of Science in Finance from the University of Illinois at Urbana-Champaign, USA. Rakan is a Certified Public Accountant.

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