The Middle East’s
4. Sultan Abdulrahman Al-Marshad
Designation: CEO
Company: Saudi Fund for Development (SFD)
Established: 1974
Country: Saudi Arabia
Category: Development Funds
Al-Marshad has led SFD since 2021. In 2026, SFD provided a $10 million grant to rehabilitate Sudan’s main water networks, including Khartoum’s Nile supply system, and to upgrade operations to solar power. In 2025, it signed a $10 million loan to finance 35.5 MW of solar power and energy storage in the Solomon Islands. SFD is also financing a planned 60 MW solar project in Belize with a $77 million loan. In Mauritania, it signed a $60 million loan for a power interconnection with Mali and associated solar stations, and is co-financing a $100 million potable water supply project to Kiffa from the Senegal River.