As Saudi Arabia’s wealth fund rakes in cash due to high oil and gas prices, it is now looking at diversifying by putting $10 billion into publicly-traded equities in the coming year
RIYADH: Saudi Arabia's Public Investment Fund, known as PIF, wasn't among the top 10 global sovereign wealth funds in terms of cash deployment in 2021; however, its investment in Lucid Motors was considered one of the most successful venture capital deals of the year, according to a new industry report. The PIF "was not as active in VC as in previous years, but it scored one
RIYADH: Saudi Arabia’s sovereign wealth fund is on track to surpass its objective for the second quarter of 2022, and reach SR1.8 trillion in assets under management, the fund’s Governor Yasir Al-Rumayyan said. The Public Investment Fund, or the PIF, is a key player in the Kingdom’s diversification strategy, particularly in achieving the Vision 2030 goals. Al-Rumayyan said the