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Yasir Al-Rumayyan

Governor, PIF

Search every verified Yasir Al-Rumayyan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Speaking at the FII Priority conference in Rome on June 18, 2026, Yasir Al-Rumayyan discussed the impact of a conflict in the Strait of Hormuz, stating that it affected not only Saudi Arabia and the GCC but the entire world, extending beyond energy scarcity to petrochemicals, fertilizers, and advanced manufacturing. He noted that while some expected the Public Investment Fund (PIF) to halt international investments, the fund would continue deploying capital, with absolute numbers growing alongside its assets under management, even if the percentage allocated abroad decreases. Al-Rumayyan also addressed European investment, describing regulatory challenges as a barrier for companies like Aramco, SABIC, and PIF, while expressing hope that European policymakers would find solutions. He advocated for "energy realism," arguing that new energy sources are a "great addition" but not a substitute for fossil fuels, citing recent events as evidence that the world cannot rely solely on them. Additionally, he congratulated Princess Nourah bint Mishari on her appointment as CEO of the FII Institute and highlighted Aramco's supply chain reliability, noting over 99% uptime during the conflict.

Recent appearances

Notable quotes

“Energy realism. That's what we need to really focus on. Unfortunately, the last decade or so, a lot of push came from the new energy, which is fun it's really great and I think it's a great addition, but it's not going to be a substitution to the fossil fuel and we've witnessed this very well during these past few months. The world cannot not rely on fossil fuel.”

“A lot of people thought we will stop deploying investments internationally. Well, I can tell you that we're not going to stop. We'll continue on doing so and deploying investments, but maybe the percentages are going lower, but the absolute numbers will continue on growing since we have continuous growth in our AUM.”

“The conflict in the Strait of Hormuz didn't only affect the Kingdom of Saudi Arabia or the GCC countries, but it had a greater effect and not only the region, but the whole world. And it wasn't only about energy scarcity or any catastrophe I would even say it was beyond that. It's gone to the petrochemicals, to the fertilizers, to the advanced manufacturing like helium with GPUs and chips.”

“Yes, there are ongoing negotiations, and we expect, God willing, to announce within the next 2 days the sale of our stake in one of the clubs. We entered the club sector with the objective of improving governance, which was previously quite weak, but has now significantly improved. We have also worked on enhancing financial sustainability and increasing club revenues, particularly on match days, where revenues have r”

“No projects have been canceled. However, the company has been directed to rearrange its priorities. There is a common perception that The Line represents NEOM in its entirety, whereas in reality, it is just one of the projects under NEOM. Is it necessary for The Line to be completed by 2030? I don't think so. It's good to have, but it's not a must-have. The must-have is the industrial zone OXAGON.”

“From the outset, we announced that approximately 80% of investments would be domestic, compared to 20% allocated to international investments. Historically, the fund's focus on domestic investment was around 98.5% before international investments increased to approximately 30%. However, this does not mean reducing the absolute value of investments. Amounts may continue to increase, even if the percentage declines, as”

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