Abdullah Abudawood officially assumes role as Al Akaria CEO

Saudi Arabia’s Saudi Real Estate Company (Al Akaria) has announced the appointment of Abdullah bin Sulaiman Abudawood as its new Chief Executive Officer, as the company looks to strengthen leadership and accelerate its strategic priorities.

Abudawood has officially assumed his role, with the company stating that the move is aimed at enhancing operational efficiency and reinforcing institutional discipline, while supporting the execution of its long-term growth plans.

The newly appointed CEO brings more than 25 years of leadership experience across both public and private sectors. His background includes driving organisational transformations, improving operational and financial performance, overseeing capital allocation, and implementing governance and risk management frameworks.

He has also played a key role in building investment partnerships and advancing real estate development and asset management strategies. His expertise in designing investment models and enabling execution is expected to support Al Akaria’s focus on maximising asset value and delivering measurable, sustainable outcomes.

Abudawood holds a bachelor’s degree in Business Administration, along with professional certifications and advanced executive training from international institutions in strategy, finance, and leadership.

The appointment, first announced in February, comes as part of Al Akaria’s broader effort to evolve its executive leadership structure, better align operational and investment priorities, and strengthen its ability to deliver long-term value for shareholders and stakeholders.