KFUPM Endowment

KFUPM Endowment

The KFUPM Endowment was established in 2007 as the primary investment vehicle for King Fahd University of Petroleum & Minerals. Dr. Muhammad Al-Saggaf, university president, oversees strategic direction while Dr. Mohammed Alkinani manages day-to-day investment decisions. The endowment targets a 25 percent allocation to private equity and maintains substantial direct holdings in real estate. Confirmed positions include full ownership of Business Park Complex Company and Dhahran Techno Valley Holding Company. It also holds public equity stakes in Leejam Sports Company and Walaa Cooperative Insurance Company. Geographic exposure centers on Saudi Arabia with additional minority positions in the United States and Canada through Dhahran Techno Valley Holding Company. The endowment employs no disclosed headcount figure and maintains no additional offices beyond its Dhahran headquarters. It sponsors events including the Saudi Next-G Summit in January 2025 and the Green Sustainable Future in KSA Conference in January 2025. Adjacent vehicles include the KFUPM Fund for Research & Educational Programs established in 2007 and the Al Fozan Academy joint initiative. Ownership flows through 100 percent stakes in operating companies such as Dhahran Techno Valley Holding Company rather than external fund commitments. This structure allows direct control over real estate development and technology park operations tied to university research priorities.