Rochan appoints Noman Atta Allah as CEO

Saudi real estate development group "Riyadh", affiliated with the Public Investment Fund, announced the appointment of Nu'man Ata Allah as the new CEO after the position had been vacant since April 2024, replacing Sabah Barakat who served as interim. Ata Allah is distinguished by his leadership experience in Gulf-based real estate companies such as Al-Futtaim, Nakheel, and Diyar. His appointment comes at a time when the company is undergoing additional management changes in some subsidiaries of the Public Investment Fund, as part of the fund's broader strategy to increase focus on returns and investment efficiency. "Riyadh" is one of the largest real estate development companies in Saudi Arabia, working on integrated residential projects aimed at increasing Saudi homeownership to 70%.