The Higher Education Fund directs its duties under the supervision and management of the Board of Directors of the Higher Education Fund. The Board has the full powers to manage the fund, develop the general policy that it follows, approve the financial and administrative systems and regulations, approve investment plans, approve projects financing and approve the annual budget, all under direct supervision by the Board of Directors headed by His Excellency Minister of Education Dr. Hamad bin Muhammad AL Al-Sheikh.

His Excellency Dr. Hamad Bin Mohammed Al Shaikh
Minister of Education – Chairman
His Excellency Dr. Badran Al-Omar
King Saud University President
His Excellency Dr. Faleh Alsolami
King Khalid University President
His Excellency Abdulrahman AI-Youbi
King Abdulaziz University President
Mr. Tariq Abdullah Al-Shuhaib
Deputy Minister for Revenue Affairs at the Ministry of Finance
Dr. Khalid Bin Ibrahem Abalkhail
Deputy Governor of Technical and Vocational Training Corporation for support services
Mr. Abdullah bin Abdulrahman Al-Mueaqil
Ministry of Economy and Planning consultant
Mr. Mohammad Abdullah Abunayyan
Chairman of ACWA Power International
Mr. Abdulaziz Abdulrahman Al-Arifi
Chief Financial Officer for Jadwa investment
Mr. Abdulmohsen Abdulaziz Al-Fares
CEO, Alinma Bank