Public Investment Fund (PIF)
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Public Investment Fund (PIF)

https://www.pif.gov.sa/
Last activity: 12.11.2024
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Categories: BuildingCommerceDevelopmentEconomyExchangeFinTechFutureInvestmentMediaPublic
About

Public Investment Fund (PIF) is building a world-class domestic and international investment portfolio, and is positioned to be transformed into the world’s largest sovereign wealth fund.

Background

The Public Investment Fund was originally established in 1971 to invest in commercial projects. In addition to making select investments in a range of companies and assets domestically and internationally. The Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom.

In March 2015, the Council of Ministers issued a decree to transfer oversight of the Public Investment Fund to the Council of Economic and Development Affairs (CEDA). A new Board of Directors was appointed, chaired by His Royal Highness Crown Prince Mohammed Bin Salman Bin Abdulaziz, Chairman of CEDA.

Vision and Objectives

The Public Investment Fund aims to be a global investment powerhouse and the world’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia.

Portfolio

The Public Investment Fund has a diverse portfolio made up of a significant number of investments, of which around 20 are listed on the Tadawul, the Saudi Stock Exchange. The Fund is building an investment portfolio that is diversified and risk-adjusted across sectors, geographies and assets classes. All investments are primarily based on economic and financial criteria, with a focus on achieving attractive long-term financial returns.

General Enquires: Info@pif.gov.sa
Media Enquires: Media@pif.gov.sa
Careers: Jobs@pif.gov.sa
Followers
404.42K
Website visits
185.4K /mo.
Mentions
82
Location: Saudi Arabia, Riyadh Region, Riyadh
Employees: 501-1000
Founded date: 1971

Mentions in press and media 82

DateTitleDescription
12.11.2024Financing the Future – Saudi Arabia looks to grow its capital market-
09.11.2024The New Frontier: Saudi Arabia's Tech RenaissanceSaudi Arabia is transforming. The desert kingdom is not just about oil anymore. It’s becoming a hub for technology and innovation. Recent investments signal a shift. Companies are flocking to the region, eager to tap into its potential. The...
06.11.2024Report: PGA Tour-LIV merger rumors prematureIn an unsurprising turn of events, the British tabloid report of a finalized merger between the PGA Tour and LIV Golf may have been premature. Advertisement The Sun's tantalizing report claimed that PIF would receive an 11 per cent share in...
06.11.2024EV maker Rivian may report first quarterly revenue drop since IPOPrevious FILE PHOTO: A view shows a second-generation R1S at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. REUTERS/Joel Angel Juarez/File Photo FILE PHOTO: Workers assemble second-generation R1...
06.11.2024Google открывает центр искусственного интеллекта в Саудовской АравииХотя Google, возможно, отстает в достижении своих климатических целей, это не мешает компании строить новый центр обработки данных, ориентированный на искусственный интеллект, в Саудовской Аравии . По информации, опубликованной Фондом госуд...
05.11.2024Saudi Aramco reports 15% drop in Q3 profit but maintains dividendDUBAI: Saudi oil giant Aramco on Tuesday (Oct 5) reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at US$31.1 billion for the quarter. Aramco po...
05.11.2024ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle EastLeshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner's prestigious Top 25 supply chain list. The move reinforces ewpartners' and Leshine's commitment to fostering local industrial growth a...
01.11.2024Hong Kong: Connecting the Middle East along the New Silk RoadHONG KONG SAR – Media OutReach Newswire – 1 November 2024 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, wrapped up his Middle East visit (October 31) by meeting top officials in Saudi Arabia, wi...
31.10.2024Saudi Arabia's PIF signs MoUs worth up to $51 billion with Japanese banksDUBAI : Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall $51 billion, it said on Thursday. PIF inked MoUs ...
30.10.2024Бывший глава Google: Саудовская Аравия может стать центром искусственного интеллектаСаудовская Аравия может стать одним из лидеров в сфере искусственного интеллекта (ИИ) благодаря сочетанию капиталовложений, природных ресурсов и государственной поддержки, считает бывший председатель совета директоров Google Эрик Шмидт. На ...
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