Board of Directors & Board Committees

Mr. ALAA ABDUL AZIZ AL SARAWI
Chairman

Mr. Ali Waqar
Managing Director

MR. Adel Ali M Al Dhaen
Director

MR. THUNAYAN KHALID AL YAQOUT
Director

Mr. Naveed Alauddin
Director
Executive Committee
Mr. Alaa Abdul Aziz Al Sarawi
Member
Mr. Ali Waqar
Member
Risk Committee
Mr. Adel Ali M Al Dhaen
Chairman
Mr. Thunayan Khalid Al Yaqout
Member
Mr. Naveed Alauddin
Member
Audit Committee
Mr. Adel Ali M Al Dhaen
Chairman
Mr. Thunayan Khalid Al Yaqout
Member
Mr. Naveed Alauddin
Member
Human Resource & Remuneration Committee
Mr. Thunayan Khalid Al Yaqout
Chairman
Mr. Adel Ali M Al Dhaen
Member
Mr. Naveed Alauddin
Member

Mr. Alaa Abdul Aziz Al Sarawi
On the Board of PKIC since August 7, 2025.
Nominated by the Kuwait Investment Authority (KIA) on behalf of the Government of Kuwait.
Mr. Alaa A. Al-Sarawi is an experienced investment professional with nearly three decades in portfolio and asset management, specializing in hedge funds and international investments. He currently serves as Division Manager of the Hedge Funds Portfolios Division at the Kuwait Investment Authority (KIA), where he has been a key contributor since 2007. His career spans leadership roles at Boubyan Bank, Ahlia Investment Company, Wafra International Investment Company, and Kuwait Investment Company. He began his career through KIA’s prestigious overseas training program with JP Morgan in New York.
In addition to his executive responsibilities, Mr. Alaa has served on the boards of several prominent institutions, including Meezan Bank Limited, Arabian Sea Enterprises Limited, Arabian Gulf Enterprises Limited, Kuwait Investment Company, and Al Bilad Real Estate Investment Company. Mr. Alaa is currently a Board Member of The Arab Investment Company (TAIC).
He holds a degree in Business Administration with a minor in Government from Eastern Washington University (USA) and a Diploma in Accounting from Kuwait Business College. Mr. Alaa has also completed advanced training programs with Harvard, Morgan Stanley, and the SECP-certified Director’s Training Program.

Mr. Mohammad A. M. Al-Fares
On the Board of PKIC since May 1, 2021.
Nominated by the Kuwait Investment Authority on behalf of the Government of Kuwait (KIA).
He holds a bachelor degree in Social Sciences from Kuwait University. He is currently serving as Managing Director of M/s. Kuwaiti Egyptian Investment Company, S.A.E on behalf of KIA. He has an overall experience of more than 17 years of Real Estate Sector and remained responsible for KIA’s Real Estate Direct Investment and Infrastructure Division under the General Reserve Sector, all over the world. Furthermore, he has served on the Board of ‘The Tuniso-Kuwaitian Company of El Emar’ (STKE). Currently he is also serving on the Board of M/s. Sudanese Kuwaiti Building & Construction Co. Ltd

Mr. Ali Waqar
On the Board of PKIC since October 1, 2026
Nominated by Ministry of Finance on behalf of the Government of Pakistan.
Mr. Ali Waqar is a senior banking executive with more than 20 years of experience across Corporate Banking, Investment Banking, Development Finance, Project Finance and Islamic Banking. He began his career in 2001 with the Ministry of Industries & Production, Government of Pakistan, and has since held senior positions at Faysal Bank Limited, Barclays Bank PLC and ABN AMRO Bank N.V.
Prior to joining PKIC, Mr. Ali Waqar served as SEVP and Group Head – Corporate & Investment Banking Group at Faysal Bank Limited, where he led the Bank’s nationwide Corporate Banking, Transaction Banking and Global Home Remittances businesses. During his tenure, he played a key role in expanding the Corporate & Investment Banking franchise and was involved in major syndicated and project financing transactions across power, ports, shipping, digital infrastructure and transport sectors. He also contributed to Faysal Bank’s transformation into an Islamic bank and the integration of the Royal Bank of Scotland Pakistan operations. He has also served on the Boards of Faysal Islami Currency Exchange (Private) Limited and Faysal Asset Management Limited as a nominee of Faysal Bank Limited. Mr. Ali is a Master of Science (Bi-Major in Economics and Finance) from the Lahore School of Economics and a Bachelor of Science from Government College Lahore. He has also attended various training programs in Islamic Finance, Business Transformation, and Leadership at reputed institutions, including Columbia Business School, USA.

Mr. Saad Ur Rahman Khan
On the Board of PKIC since July 19, 2023
Nominated by Ministry of Finance on behalf of the Government of Pakistan.
Mr. Saad Ur Rahman Khan has an extensive banking career spanning more than 30 years in the area of Retail, Trade, SME, Commercial, Corporate, Investment Banking, Financial Institution, International Banking and Risk Management. Having started his professional journey with MCB Bank Limited in 1993, he has since held numerous senior roles in large local and multinational banks including Citibank, National Bank of Pakistan, Habib Bank Limited and Bank Alfalah. He has also served as a director on the boards of Alfalah Asset Management Limited, NBP Fund Management Limited, National Bank of Pakistan Kazakhstan, National Bank of Pakistan Tajikistan, Sapphire Wind Power Company Limited and Triconboston Consulting Corporation (Pvt) Limited. Mr. Saad is a graduate of Institute of Business Administration (IBA), Karachi.

Mr. Adel Ali M Al Dhaen
On the Board of PKIC since August 7, 2025
Nominated by the Kuwait Investment Authority (KIA) on behalf of the Government of Kuwait.
Mr. Adel Al-Dhaen is a senior finance and administration executive with over 29 years of experience in government budgeting, financial operations, and organizational management. He currently serves as Director of Administrative & Financial Affairs and Human Resources (Acting), where he oversees financial strategy, HR operations, and cross-departmental compliance. Throughout his career, Mr. Adel has held leadership roles including Director of Financial Affairs, Deputy Director of Financial Affairs, Head of Budget Department, and Head of Financial Reconciliation & Settlements. His expertise spans strategic planning, ERP and financial systems, auditing, procurement, and regulatory compliance.
In addition to his executive responsibilities, Mr. Adel has served as Vice Chairman of Societe National Industrielle et Minière (SNIM) in Mauritania, and as Board Member and Audit Committee Chair for United Kuwaiti Investment Company (Syria) and the Tunisian-Kuwaiti Development Group (Tunisia). He is also an active member of various financial, budgetary, and procurement committees. Mr. Adel holds a Bachelor’s degree in Accounting from Kuwait University and has completed advanced training in financial analysis, corporate financial strategy, and IFRS compliance.

Mr. Abdullah Salah A. Al-Sayer
On the Board of PKIC since May 23, 2018
Nominated by Kuwait Investment Authority on behalf of Government of Kuwait.
Mr. Abdullah Salah A. Al-Sayer is a nominee Director of Kuwait Investment Authority (KIA). He holds a bachelor degree in B.A. (Finance) from University of Kuwait. He is currently working in the Real Estate & Infrastructure Department of Kuwait Investment Authority. Moreover, he also attended various training programs in Kuwait, London and Dubai. Mr. Abdullah Salah A. Al-Sayer served as Director of the Board of Malaysian Kuwaiti Investment Company based in Kuala Lumpur from 2012 to 2018. Currently he is also serving on the Board of M/s United Investment and Trading Company – Bosnia.

Mr. Naveed Alauddin
On the Board of PKIC since February 17, 2012
Nominated by Ministry of Finance on behalf of Government of Pakistan.
Mr. Naveed Alauddin is a nominee of Government of Pakistan on the Board of PKIC since February 17, 2012. He has done Masters in Business Administration from Imperial College Management School, London and also holds a degree in BSc. Engineering (Civil) from UET, Lahore. He is serving as Additional Secretary, Ministry of Finance – Government of Pakistan. He has also served as Director on the Board of Karachi Electric Supply Corporation, Pak Arab Oil Refinery (PARCO), and Power Holding (Pvt) Limited.

Mr. THUNAYAN KHALID AL YAQOUT
On the Board of PKIC since August 7, 2025.
Nominated by the Kuwait Investment Authority (KIA) on behalf of the Government of Kuwait.
Mr. Thunayan Al Yaqout is an investment professional specializing in equity markets with background in portfolio monitoring, market analysis, and investment research. He currently serves as an Investment Manager at the Kuwait Investment Authority (KIA) within the Equities Department, focusing on Asia Pacific markets Since joining KIA in 2013 through its Graduate Training Program, Mr. Thunayan has advanced through roles as Investment Analyst, Assistant Investment Manager, and now Investment Manager. His experience spans due diligence, qualitative and quantitative reporting, and market outlooks.
Mr. Thunayan holds a Master of Science in Economics from Kuwait University and a Bachelor of Science in Business Administration & Management from Purdue University. He has also completed international training in London, Tokyo and Kuwait.

Mr. Jasem A. Al-Hajry
On the Board of PKIC since May 1, 2021.
Nominated by Kuwait Investment Authority on behalf of Government of Kuwait (KIA).
He holds a Master’s degree in Economics from Kuwait University. He has an overall experience of more than 16 years at KIA and as an Investment Manager, he is currently a leader in the North American team, responsible for taking investment decisions and managing the North American Equities Section. Since 2018, he is also serving on the Board of Kuwait Investment Company as well as the member of its Risk and Audit Committees. Earlier during the period March 2011 to April 2017, he has also served on the Board of International Tourism and Investment Group and Zamalek Tourism and Investment Company.
