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Majid Mufti
CEO, Neom Investment Fund (NIF)
Majid Mufti is a seasoned executive with extensive experience in the energy and investment sectors, currently serving as the Chief Executive Officer of NEOM Investment Fund (NIF) since October 2023.1 His career spans various leadership roles in prominent organizations, showcasing his expertise in venture capital, corporate strategy, and investment management.
Career Highlights
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NEOM Investment Fund (NIF): Mufti has been the CEO since October 2023 and has also held the position of Head of NEOM Investment Fund since January 2021.1
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Saudi Venture Capital Company (SVC): He has been a Board Member since November 2018.1
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Saudi Aramco Energy Ventures: Mufti served as CEO from June 2016 to August 2020, leading a global team of venture capitalists investing in energy-related technology startups.1
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Saudi Aramco: He held various positions, including Head of Upstream Transactions and Corporate Strategy Consultant.1
Education
Mufti holds a Bachelor of Science in Chemical Engineering with a Minor in Business from Northeastern University and a Master of Science in Global Finance from the HKUST-NYU Stern program.1
Role at NEOM Investment Fund
As CEO of NIF, Mufti leads the strategic investment arm of NEOM, supporting the growth of economic sectors through new commercial businesses.3 Under his leadership, NIF focuses on:
- Investing in game-changing ideas and strategic technologies
- Creating high-skilled jobs through global champion development
- Attracting and acquiring frontier technology and intellectual property
- Stimulating capital formation and generating leading returns
Mufti has been instrumental in forging strategic partnerships and making significant investments, such as the $100 million investment in Pony.ai and partnerships with companies like BluNalu and REGENT.3
In his own words, Mufti describes the NEOM Investment Fund's approach: "We support each and every sector in terms of meeting their strategic objectives. The appetite for technology is huge, and the appetite for taking a little bit of risk for scaling is large".2

