Alat appoints Dr. Muhammad Nasser Aldawood as Acting CEO amid leadership reshuffle

Alat, the advanced technology manufacturing arm backed by the Public Investment Fund (PIF), has appointed Dr. Muhammad Nasser Aldawood as its Acting Chief Executive Officer, marking a significant leadership transition as the company advances its strategic objectives.

Dr. Aldawood succeeds founding CEO Amit Midha, who led the company during its formative phase. The appointment reflects a broader effort to position Saudi executives at the helm of key national initiatives aligned with the Kingdom’s Vision 2030 economic diversification agenda.

Currently serving as Head of the Industrials and Mining Section within PIF’s Middle East and North Africa Investments Division, Dr. Aldawood oversees strategic investments across critical industrial sectors. His extensive leadership experience in investment, strategy, and industrial development is expected to support Alat’s ambition of establishing Saudi Arabia as a global hub for sustainable technology manufacturing.

Earlier in his career, Dr. Aldawood held roles at Boston Consulting Group, Passport Capital, and Careem, where he gained cross-sector expertise spanning consulting, finance, and technology-driven enterprises.

In addition to his executive responsibilities, he serves as Chairman of Dussur, Qassim Cement Company, and Arabian Drilling Company, while also holding board positions across several industrial organizations. He earned a PhD in Management Science and Engineering from Stanford University.

Launched by PIF in February 2024, Alat plays a pivotal role in Saudi Arabia’s push to localize advanced industries and build a sustainable electronics manufacturing ecosystem powered by clean energy. The company targets more than 30 product categories across sectors such as semiconductors, robotics, communications systems, healthcare technologies, and heavy machinery.

Industry reports suggest the leadership change comes amid a broader strategic review of high-tech investments, as Saudi Arabia refines its capital allocation priorities while advancing its long-term economic transformation goals. While no official statements have detailed the rationale behind the transition, Alat’s core mission to develop a globally competitive and sustainable technology manufacturing sector remains intact.

The appointment of Dr. Aldawood underscores PIF’s continued focus on strengthening local leadership and accelerating innovation to position the Kingdom as a key player in the global advanced manufacturing landscape.