Riyadh, June 20, 2021, SPA -- The Board of Directors of the Cultural Development Fund, chaired by Prince Badr bin Abdullah bin Farhan, the Minister of Culture, issued a decision appointing Mohammed Bin Abdulrahman bin Dayel as CEO of the fund. The Cultural Development Fund is focused on supporting projects of private sector enterprises, grassroots organizations and associations working in the various cultural sectors. Bin Dayel has distinguished practical and leadership experience spanning nearly 20 years in the investment sector. Throughout his career, he held many leadership positions, most recently as Executive Director of Investment Operations at the Raidah Investment Company (RIC). He also served as Treasury Manager at Saudi Aramco, along with his membership in the Board of Directors of Alinma Bank. The appointment of Mohammed Bin Dayel comes within the fund’s plans to attract national talent and ensure the implementation of its development plans supporting cultural sector investment by providing diverse development programs to promote the cultural scene, with the support of the Quality of Life Program, one of the Saudi Vision 2030 programs. Bin Dayel holds an MBA from the American University in Washington, a BA in finance from George Washington University, and several other qualifications in the fields of treasury and investment management. --SPA 16:24 LOCAL TIME 13:24 GMT 0023 www.spa.gov.sa/w1574398