He began his career at Saudi Hollandi Bank, becoming head of international brokerage before joining the Capital Markets Authority (CMA), where he was head of securities listings.[1][2] Between 2011 and 2015, Al-Rumayyan was CEO of Saudi Fransi Capital (SFC), the investment banking arm of Banque Saudi Fransi.[3][4] From 2014 to 2015 he was on the board of directors of the Saudi Stock Exchange.[4]
In 2016, PIF invested $3.5 billion in the US-based Uber[8] He joined Uber's board of directors as part of the agreement.[9]
In August 2016, Al-Rumayyan joined the board of the state oil company Saudi Aramco as part of a move toward closer cooperation between Aramco and PIF in restructuring the Saudi economy.[10] In October that year, PIF invested $45 billion in the newly established SoftBank Vision Fund.[11] In May 2017, PIF invested $20 billion to a joint US infrastructure fund with Blackstone.[12]
Al-Rumayyan was involved in the transfer of assets to PIF in the wake of the Saudi Arabian government's 2017 purge.[13] Al-Rumayyan transferred 20 companies that had been seized by the government into the PIF,[13] including one later alleged to be used by Saudi operatives in the murder of journalist Jamal Khashoggi.[13]
In October 2021, PIF announced that the acquisition of Newcastle United by the consortium consisting of the Public Investment Fund and that Al-Rumayyan would be elected as chairman of the club after PIF acquired it.[14]
