The Board of Directors of Jada Fund of Funds – Saudi government-owned by the Public Investment Fund to provide funding to Saudi SMEs through commercially sustainable investments in venture capital and private equity funds - announced the appointment of Mr. Bandr Mohammed Alhomaly as CEO. The Board is highly confident that Alhomaly’s appointment will strengthen Jada’s leadership and further stimulate Saudi Arabia's venture capital and private equity ecosystem, given his extensive financial and capital markets experience in both the public and private sectors. Alhomaly previously held several leadership roles internationally and locally, including Alternate Executive Director and member of the Executive Board of the International Monetary Fund (IMF); G20 Policy Lead in the Finance Track; Head of Delegation for Saudi Arabia at the G20 International Financial Architecture Working Group and member of the executive leadership of the Saudi Capital Market Authority (CMA), where he held several positions during his tenure. Alhomaly is a CFA Charter holder. He holds an MBA degree from Cardiff University in the UK, and a Bachelor of Finance degree from King Saud University. He is an alumnus of the Corporate Finance Module from London Business School and has obtained several executive education degrees in finance and capital markets from various institutions, including Harvard Business School and the MIT Sloan. Alhomaly was awarded the King Abdulaziz Medal in 2021 from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz for his service to the Kingdom of Saudi Arabia.