RIYADH, Saudi Arabia (GDM) — Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on Thursday issued a sweeping set of royal orders that installed new leaders in key government, judicial and regulatory posts, while marking a notable cabinet reshuffle affecting the kingdom’s economic strategy and other core institutions.
In the most high-profile change, Fahd bin Abduljalil bin Ali Al Saif was appointed minister of investment, replacing veteran technocrat Khalid Al‑Falih, who had held the post since 2020. Al-Saif, a senior executive at Saudi Arabia’s Public Investment Fund and a leading figure in shaping investment strategy, is expected to steer foreign capital initiatives central to the kingdom’s economic diversification drive.
Al-Falih was reassigned as minister of state and member of the Cabinet, a senior advisory role that keeps him within the core of government decision-making.
The royal orders also included the following appointments:
Abdullah Al-Maghlouth was named vice minister of media.
Abdulmohsen Al-Mazyad was appointed vice minister of tourism.
Khalid Al-Yousef was appointed attorney general, following a change in the public prosecution leadership.
Sheikh Ali Al-Ahaideb was appointed president of the Board of Grievances, the kingdom’s administrative judicial body.
Faihan Al-Sahli was named director general of the General Directorate of Investigation, the domestic intelligence agency.
Abdulaziz Al-Arifi was appointed governor of the National Development Fund, a key institution in financing national projects.
Haytham Al-Ohali was named governor of the Communications, Space and Technology Commission, the regulator for digital and satellite sectors.
Fawaz Al-Sahli was appointed president of the Transport General Authority, overseeing transport policy and infrastructure.
The reshuffle reflects what officials described in a government statement as a continued effort to “enhance institutional performance and empower national competencies to meet the evolving needs of the Kingdom’s development journey.”
Analysts say the leadership changes, particularly at the Ministry of Investment, come as Saudi Arabia seeks renewed momentum in delivering its long-term Vision 2030 economic strategy — aimed at diversifying the economy away from oil dependency and increasing foreign investment.
The decree did not specify reasons for individual changes but underscores the monarchy’s ongoing role in steering strategic leadership across ministries, security bodies and regulatory authorities.