Yasir Al-Rumayyan is the chairman of Newcastle United and here is everything you need to know about him.
After years of protests and some agonising near misses, Mike Ashley finally sold Newcastle United in October 2021, sparking wide celebrations outside St. James’ Park and throughout the city.
The Saudi Arabian Public Investment Fund, or PIF, had finally completed their takeover of the club with the help of Amanda Staveley.
Though Staveley was the public face of the new ownership initially, Yasir Al-Rumayyan was always the power behind the takeover and the person calling the shots.
With Staveley’s shares since sold, Al-Rumayyan is now the only face of PIF’s ownership of Newcastle and serves as the club’s chairman.
Here is what you need to know about him.
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How old is Yasir Al-Rumayyan?
Born in Buraidah, Saudi Arabia, on 18 February 1970, Yasir bin Othman Al-Rumayyan is 55 years old as of October 2025.
Al-Rumayyan is a key figure in the state of Saudi Arabia and currently serves as the governor of PIF, a role he assumed in September 2015.
The Public Investment Fund seeks to invest Saudi Arabia’s humongous sovereign wealth fund earned from oil in a bid to diversify the state’s income and reduce the reliance on depleting natural resources.
PIF has invested billions in companies in varying industries across the world, including finance, technology, construction and media, as well as sport.
Al-Rumayyan is a close ally of Saudi Arabian ruler Mohammed bin Salman and played a vital role in the transfer of private Saudi companies to PIF in 2017.
Yasir Al-Rumayyan’s net worth
According to The Sun, Al-Rumayyan’s personal net worth is only estimated to be around $28million.
However, he manages and controls more than $930 billion worth of assets as the head of PIF.
Does Yasir Al-Rumayyan own Newcastle United?
No, Al-Rumayyan is not the owner of Newcastle United, but he has served as the club’s chairman and de facto boss since 2021.
PIF is the majority owner of the club, owning 85% of the club shares.
The remaining shares are owned by RB Sports & Media, whose UBO is Jamie Reuben, who is often seen attending games at St. James’ Park.
What else does Yasir Al-Rumayyan do?
As the head of PIF and a major figure in Saudi Arabia, Al-Rumayyan is a very busy man. He is involved with several different companies and holds important roles in all of them.
Here are his other positions:
- Chairman of Saudi Aramco – The state-owned petroleum company – Renowned as the most valuable company in the world
- Chairman of Ma’aden – Saudi Arabia’s largest mining company
- Chairman of Riyadh Air
- Chairman of LIV Golf
- Involved with the construction of NEOM – a new megacity project
- Board member of SoftBank Group
- Board member of Reliance Industries Ltd
Al-Rumayyan has a degree in accounting and began his career at Saudi Hollandi Bank. He also worked for the Capital Markets Authority and served as CEO of Saudi Fransi Capital before being appointed by PIF.
Yasir Al-Rumayyan and Donald Trump
Al-Rumayyan has a close relationship with US President Donald Trump, with the pair watching a UFC event alongside Elon Musk at Madison Square Garden in New York City after Trump won the 2024 election.
The Newcastle chairman has even played golf with Trump.
What Yasir Al-Rumayyan has said about Newcastle United
Al-Rumayyan has tended to stay out of the limelight since arriving at Newcastle and isn’t one to give many interviews or statements.
He was at Wembley to watch Newcastle lift, and do so himself, the Carabao Cup in 2025 and said in front of cameras: “This is the first and it won’t be the last.”
Additionally, after David Hopkinson was appointed as the club’s new CEO in September 2025, Al-Rumayyan said: “We are delighted to welcome David to Newcastle United.
“David is an outstanding executive whose track record across global sport and entertainment speaks for itself.
“His experience and strategic capabilities will be invaluable as we continue to build on the club’s presence locally and grow it globally on and off the pitch.
“David’s leadership will be critical as we build upon what we have already achieved since the acquisition towards an exciting future and sustainable success.
“I would like to personally thank Darren Eales for his exceptional work and leadership, as well as his friendship, over the last three years.”
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