Khalid Al-Amoudi, CEO of the Saudi Real Estate Development Fund

Khalid Al-Amoudi
Updated 12 June 2019
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Khalid Al-Amoudi, CEO of the Saudi Real Estate Development Fund

  • Al-Amoudi has also been the head of real estate finance and senior vice president of the National Commercial Bank, AlahliNCB
  • Al-Amoudi obtained a bachelor’s degree in industrial management from King Fahd University of Petroleum and Minerals, in Dhahran

Khalid Al-Amoudi has been the CEO of the Saudi Real Estate Development Fund (REDF) since July 2017.

For the past five years, he has also been the head of real estate finance and senior vice president of the National Commercial Bank, AlahliNCB.

His responsibilities have included leading the NCB market share, orchestrating customer-experience initiatives, and managing mortgage business.

Al-Amoudi has held various positions at the NCB over a period of more than 20 years, working in branch and segment management during his first seven years with the organization.

Between 2007 and 2013, he held the role of vice president for mortgage sales and distribution and led NCB’s mortgage customer outreach program between 2007 and 2011.

He was a product manager in Samba Financial Group’s cash management department between 2004 and 2005.

Al-Amoudi obtained a bachelor’s degree in industrial management from King Fahd University of Petroleum and Minerals, in Dhahran. He also attended a strategic thinking and management for competitive advantage program at the University of Pennsylvania, in the US.

The REDF recently deposited SR863.8 million in the accounts of Sakani housing scheme beneficiaries, SR140.3 million of which was in support of subsidized mortgage contracts and SR723.5 million for recipients of the military support initiative.

Al-Amoudi said that the REDF would continue to provide its services to all registered beneficiaries in line with the Sakani housing program’s goal of increasing the proportion of Saudi homeowners to 60 percent by 2020 and 70 percent in 2030.


Saudi scientific organization celebrates 2025 Nobel Prize in Chemistry laureate Omar Yaghi

Updated 30 January 2026
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Saudi scientific organization celebrates 2025 Nobel Prize in Chemistry laureate Omar Yaghi

  • King Abdulaziz City for Science and Technology honors him with a reception at its headquarters in Riyadh
  • Yaghi, the first Saudi recipient of a Nobel Prize, shared the Nobel Prize with 2 other scientists for their pioneering work in molecular chemistry

LONDON: King Abdulaziz City for Science and Technology in Riyadh honored Omar Yaghi, the Saudi scientist and recipient of the 2025 Nobel Prize in Chemistry, with a reception at its headquarters in Riyadh on Thursday.

Yaghi is the first Saudi scientist awarded a Nobel Prize. He received it in December, alongside two other scientists, for their pioneering work in the field of molecular chemistry, and for contributions to energy, the environment and advanced materials.

He is also supervisor of the Center of Excellence for Nanomaterials for Clean Energy Applications, a collaboration between KACST and the University of California, Berkeley.

Munir Eldesouki, the president of KACST, said that the Kingdom is keen to recognize its scientific talents, in keeping with Saudi Vision 2030 and its goals relating to the fostering of scientific research. 

King Abdulaziz City for Science and Technology in Riyadh honored Omar Yaghi, the Saudi scientist and recipient of the 2025 Nobel Prize in Chemistry. (SPA)

Yaghi said he appreciated the support he had received from Saudi leaders during his career, and praised them for creating an enabling environment in which scientists are able to pursue world-class research, development and innovation.

Investment in national talent has created a research ecosystem that positions Saudi Arabia among the leading scientific nations, he added.

Thursday’s event, attended by the organization’s staff and students, also honored the winning teams from the recent “GenAI for Materials Discovery Hackathon,” which KACST organized in partnership with the University of California, Berkeley, and Academy 32, a nonprofit Saudi organization dedicated to research, development and innovation.

The celebration concluded with an interactive discussion session during which Yaghi talked with students and researchers, reflected on key milestones in his scientific journey, and shared insights into the factors that helped shape his career, the Saudi Press Agency reported.