The Public Investment Fund (PIF) is the sovereign wealth fund owned by the government of the Kingdom of Saudi Arabia. The PIF Program is considered a main pillar and key factor for Saudi Vision 2030. The PIF currently owns leading investment portfolios based on investing in promising opportunities locally and globally.
The PIF was established in 1971. It has administrative independence and is organizationally linked to the Council of Economic and Development Affairs (CEDA). The fund is allocated an annual independent budget that funds its financial resources. Its achievements are summarized by the ninety-four companies that have been established, thirteen strategic sectors for investment, and 644,000 direct and indirect jobs created, according to information published on the fund's website in May 2024.
By the end of the first quarter of 2024, the fund's assets had reached SAR3.47 trillion. It seeks to become one of the largest sovereign funds globally by working to build diverse and leading investment portfolios.
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