Leadership

Dr. Raed Al-Rayes

Dr. Raed Al-Rayes
Chief Executive Officer

Dr. AlRayes has a proven track record of accomplishments in different professional capacities spanning nearly 20 years - with successful contributions across several fields including investment banking and direct investment. He has played a key role in many financial institutions where he held leadership positions, and he has made significant contributions through board positions in numerous companies. Additionally, he has served as a member in several executive and advisory committees for leading public and private institutions that operates in several sectors, including energy, industry and services sector.

Dr.Raed has held several leading positions in major companies in the Kingdom of Saudi Arabia, including the Deputy Chief Executive Officer and Head of Investment Banking at Al Rajhi Capital. He then served as CEO and General Manager of Arab Petroleum Investments Company (APICORP) in early 2014. Following that, he was appointed as an advisor to the Minister of Energy, Industry and Mineral Resources from May 2017, until he joined Dussur.

Dr. AlRayes earned his PhD in Management and a Postgraduate Diploma in Management & Business Research Methods, as well as a Masters’ Degree in Business Administration from the University of Bradford in the UK. He acquired his Bachelors’ Degree with honors in Islamic Economics from Al-Imam Muhammad Ibn Saud University.

Pär Östberg

Pär Östberg
Chief Investment Officer

Par recently joined Dussur as CIO. He is a veteran of two decades at AB Volvo where he served in various leadership roles including CFO and SVP. Most recently, Par was the EVP and the Chief Investment Officer AB Industrivarden - a Sweden-based holding company that engaged in long-term investment operations and active ownership of midsized and large-cap listed Scandinavian companies.

Dussur benefits from Par’s experience and expertise in large-scale investment transactions as well as leading key acquisitions across multiple sectors. Par holds a Bachelors of Science in Business Administration and Economics from the University of Karlstad and a Master of Science in Business Administration from the University of Gothenburg, School of Business, Economics and Law.

Tariq Al-Thukair

Tariq Al-Thukair
Executive Director of Strategy & Planning

Engineer Al-Thukair joined Dussur as Executive Director of Strategy & Planning carrying with him significant experience in strategic development and project management. He began his career with Saudi Aramco’s Information Technology Organization before spending several years as a Project Engineer on Oil Production Expansion Project. Eng. Al-Thukair next took on a business development role at the company, with a particular focus on promoting the growth of local industries, before becoming a Strategy Professional within Saudi Aramco’s Accelerated Transformation Program where he developed a roadmap for a Competitive Saudi Energy Sector.

Eng. Al-Thukair holds a bachelor’s degree in Electrical and Electronics Engineering from the University of Nebraska-Lincoln, and a Master of Business Administration (MBA) from the Haas School of Business, UC Berkeley.

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