NEOM BOARD OF DIRECTORS APPOINTS ENG. AIMAN AL-MUDAIFER AS MANAGING DIRECTOR AND CEO

NEOM, Saudi Arabia – May 15, 2025: The NEOM Board of Directors has announced the appointment of Eng. Aiman Al-Mudaifer as board member, Managing Director and Chief Executive Officer (CEO) of NEOM, the sustainable giga-project under development in the northwest of Saudi Arabia.

Eng. Al-Mudaifer brings a wealth of experience to the role and has served as NEOM's Acting CEO since November 2024. Over the past months, Al-Mudaifer has remained focused on maintaining operational continuity, improving efficiencies and accelerating progress across NEOM’s strategic projects and regions.

With strong leadership credentials earned across a rewarding career in both the public and private sectors, Eng. Al-Mudaifer has led the Local Real Estate Investment Division of PIF since 2018, overseeing significant growth and transformation. He is also a board member of several PIF portfolio companies.

The Board of Directors remains confident that the NEOM team will continue to drive the company forward and looks ahead to continued success.