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Statutory board seatOpen Open to a non-residentGIDX-SA-0133

Investment Committee Member — Tourism and Real Estate

Saudi Arabia·Tourism, Hospitality & Entertainment·Tourism and property· Riyadh·Posted 17 September 2026

Applications close 29 December 2026

Tourism and property organisation in Saudi Arabia

The problem this seat exists to solve

The committee role combines development-risk assessment with investment discipline. It asks whether a tourism or property proposal offers an acceptable return for its execution, financing and demand risks within the authorised investment mandate.

Analysis to challenge

Review land and development assumptions, cost escalation, absorption or occupancy, operating margins and exit conditions. Require the model to show the cash consequences of delays, not merely their effect on a return percentage. Examine how enabling infrastructure, approvals and operating partnerships affect the critical path.

The committee should test whether contingency is sufficient for correlated risks rather than treating cost, timing and demand shocks as unrelated. A delayed opening can increase financing cost while missing a demand season and extending pre-opening expenditure. Require the downside case to capture those interactions. Where approval is conditional, identify which conditions are fundamental to the thesis and which can be resolved during execution. This distinction helps the committee avoid approving an investment whose essential feasibility remains unproven.

Responsibilities within the committee charter

Assess diligence findings, challenge unresolved assumptions and record the reasons for approval, deferral or rejection. Recommend conditions that can be objectively tested and identify the authority required to waive them. Consider cumulative portfolio exposure to construction, refinancing and similar sources of demand.

Evidence after approval

Where assigned by the charter, review whether investment conditions were satisfied and whether performance remains consistent with the thesis. The appointment is not a sourcing-agent or fundraising mandate. Candidates should be ready to explain how they would handle pressure to approve an opportunity before material diligence questions have been resolved.

Candidate qualifications

Candidates should have substantial investment appraisal experience in real estate, tourism infrastructure or adjacent development assets. They must demonstrate independent judgement and the ability to communicate a negative investment view constructively. Experience following investments through adverse scenarios is important because an attractive base case is only one part of the decision.

Terms

Where the board sits
Riyadh, Saudi Arabia
Applications close
29 December 2026
Appointment
Investment committee appointment
Time commitment in this market
Boards typically meet four to six times a year, with committee cycles and a general assembly; giga-project and transformation entities meet considerably more often.

Before you apply — Saudi Arabia

Foreign nationals serve on Saudi boards, and the framework does not bar it — but sector licensing, the four-year election cycle and, for regulated firms, SAMA or CMA approval shape the route in.

Residency test
No general residency requirement for a non-executive director of a listed joint stock company; some regulated sectors and executive roles do carry residency conditions.
Nationality test
Certain licensed and strategic activities carry Saudi-national requirements at board or management level. Check the sector's licensing conditions before assuming the general position applies.
Work authorisation
A non-resident non-executive director attending board meetings travels on a business visit visa. Resident and executive roles require an iqama and are subject to Saudization requirements.
Tenure limit once appointed
Board terms are limited to four years and are renewable. Independence is reassessed each cycle against the CMA's criteria rather than capped by cumulative years.
The full Saudi Arabia regime map

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