Mohammed Alhumaid
VP of Human Capital at the Saudi Industrial Development Fund
Summary
Strategic and transformational leader with 17+ years of progressive experience spanning human capital leadership, national strategy development, business transformation, and renewable energy. Proven ability to lead complex organizational change, optimize workforce efficiency, and deliver large-scale strategic initiatives. Adept at integrating HR, finance, and engineering disciplines to drive organizational excellence and growth across public and private sectors.
Overview
18
18
years of professional experience
Work History
Vice President of Human Capital
Saudi Industrial Development Fund (SIDF)
07.2023 - Current
- Oversaw all HR functions: strategy, recruitment, policy, compensation, L&D.
- Led strategic partnerships and advisory initiatives to increase SIDF's demand pipeline.
- Directed organizational redesign, policy reform, and strategic workforce planning.
- Represented SIDF in national sustainability and strategy councils.
- Key Achievements:
- Reduced organizational size by 18% (from 1102 to ~900) while increasing internal promotions to 85%.
- Improved employee engagement, maintaining a 'Great Place to Work' score of 78%.
- Introduced top talent framework and optimized learning budget efficiency by 20%.
- Revamped SIDF's performance management system, raising cascading from 85%.
- Expanded SIDF Academy offerings; trainees increased from 1,500 to 2,500.
- Launched 4 new financing solutions generating 80+ loans worth SAR 500M.
- Led the introduction of 5 advisory services and increased incentive program uptake by 50%.
- Established a culture of continuous improvement, fostering innovation and driving sustainable growth across the organization.
Acting Director of Human Resources
Saudi Industrial Development Fund (SIDF)
03.2023 - 07.2023
Director of Business Development
Saudi Industrial Development Fund (SIDF)
11.2019 - 02.2023
Strategy Oversight & Budget Allocation Manager
Strategic Management Office (CEDA)
03.2018 - 11.2019
- Led strategic allocation of over SAR 700B across Vision 2030 transformation programs.
- Advised SMC chaired by HRH; reviewed national and sector-level strategies.
- Developed and implemented a strategic budgeting approval process.
Sr. Planning & Strategy Analyst
Saudi Aramco
07.2012 - 03.2018
- Co-developed national energy and renewable strategies.
- Led installation of 10.5 MW PV solar project and 500 kW Farasan solar farm.
- Conducted national-level energy and power mix forecasts (2012–2030).
- Initiated Aramco's utility strategy and energy efficiency programs.
Electrical Engineer
Saudi Aramco
08.2007 - 07.2012
Education
BSc - Electrical Engineering
Arizona State University
Tempe, AZMaster of Science - Electrical Engineering And Computer Science
Massachusetts Institute of Technology (MIT)
Cambridge, MA09-2016
Master of Science - Engineering And Management
Massachusetts Institute of Technology
Cambridge, MA09-2016
Skills
- Strategic Planning
- Organizational Transformation
- Business Development
- Stakeholder Engagement
- Leadership Development
- Coaching and mentoring
- Decision-making
Websites
Board And Committee Memberships
- Member, SIDF Investment Company NRC, Current
- Member, King Saudi University Entrepreneurship Center Board of Directors, 2023-2024
- Member, Saudi Industrial Sustainability Council, 2022-2023
- Member, Nusaned Altamayouz Executive Steering Committee, 2021-2023
- Member, SIDF Executive Committee, Current
Executive Education And Certifications
- Sustainability Leadership & Corporate Responsibility, London Business School, 2021
- Management Training, Harvard and Stanford University.
- Extensive coursework in strategic planning, energy policy, and leadership
Timeline
Vice President of Human Capital
Saudi Industrial Development Fund (SIDF)
07.2023 - Current
Acting Director of Human Resources
Saudi Industrial Development Fund (SIDF)
03.2023 - 07.2023
Director of Business Development
Saudi Industrial Development Fund (SIDF)
11.2019 - 02.2023
Strategy Oversight & Budget Allocation Manager
Strategic Management Office (CEDA)
03.2018 - 11.2019
Sr. Planning & Strategy Analyst
Saudi Aramco
07.2012 - 03.2018
Electrical Engineer
Saudi Aramco
08.2007 - 07.2012
BSc - Electrical Engineering
Arizona State University
Master of Science - Electrical Engineering And Computer Science
Massachusetts Institute of Technology (MIT)
Master of Science - Engineering And Management
Massachusetts Institute of Technology
Similar Profiles
Abdulaziz AlSaudAbdulaziz AlSaud
Intern at Saudi Industrial Development Fund (SIDF)Intern at Saudi Industrial Development Fund (SIDF)
Yazeed AlshalanYazeed Alshalan
Project Analyst Intern at Saudi Industrial Development Fund (SIDF)Project Analyst Intern at Saudi Industrial Development Fund (SIDF)
Lujain ZazaLujain Zaza
manual tester at Saudi Industrial Development Fundmanual tester at Saudi Industrial Development Fund