SALIC names Al Aboodi as managing director

Saudi Agricultural and Livestock Investment Co. (SALIC) has appointed Khaled Al Aboodi as managing director effective from Feb.1, 2018.

Al Aboodi previously served as CEO of the Islamic Corporation for the Development of the Private Sector (ICD) for over ten years. He also held the position of senior economist at the Public Investment Fund, where he was responsible for many privatization plans and was alternate executive director for Saudi Arabia at the World Bank Board in Washington D.C., the company said in a statement.

SALIC was established in 2009 as a joint stock company owned by the Saudi Public Investment Fund (PIF) with a total capital of SAR 3 billion. The company invests in Agricultural and Livestock sectors in countries with comparative advantages.