Sovereign Funds

National Development Fund

Saudi Arabia · 2017 · Organizationally linked to the Prime Minister (royal order of 4 October 2017)

A royal order reported by the Saudi Press Agency on 4 October 2017 established the National Development Fund, organizationally linked to the Prime Minister and with a board chaired by the Deputy Prime Minister. The order placed under it the Saudi Fund for Development, the Saudi Industrial Development Fund, the Agricultural Development Fund, the Social Development Bank and the Human Resources Development Fund, and any other development fund or bank the Prime Minister orders to be linked. The Saudi national portal says the fund aims to upgrade the performance of the Kingdom's development funds and banks and to enhance their financial sustainability. The Human Resources Development Fund's website names Abdulaziz Al-Arifi as Governor, and a Gulf News report of 12 February 2026 says he was appointed to the post. The sources INXEN found give no assets, budget or commitments for the fund, so none is shown.