Public Investment Fund (PIF)

Extracted Attributes

Public Investment Fund

The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$941 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015, as its chairman. More than 60% of the fund's activities are within Saudi Arabia. Within Saudi Arabia, the fund's investments primarily go to private conglomerates owned by prominent Saudi business families who have close ties to the Saudi ruling family. Outside Saudi Arabia the fund's investments into prominent foreign assets such as Premier League football club Newcastle United have generated controversy due to the fund's lack of transparency and close control by the Saudi government, which has itself faced significant criticism around the lack of human rights in the country.

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• Public Investment Fund (PIF) - LinkedIn

  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, [...] Public Investment Fund (PIF) (1d): Healthcare is a key part of #SaudiVision2030 , and the industry continues to evolve and expand. Explore new opportunities in this growing sector at #PIF 's #PrivateSectorHub . Explore now: يُمثّل قطاع الرعاية الصحية ركيزة أساسية ضمن مستهدفات #رؤية_السعودية_2030 ، وهو قطاع يشهد نمواً وتوسعاً مستمراً. اكتشف الفرص الاستثمارية الجديدة في هذا القطاع الواعد عبر #منصة_القطاع_الخاص التابعة لـ #صندوق_الاستثمارات_العامة . اكتشف الآن: [Likes: 103, Comments: 4]; Public [...] الرياض خلال الفترة من 10 إلى 13 ديسمبر. ستقام المنافسات على ملاعب “نادي ديراب الريفي للجولف“، في خطوة تجسد التزام الصندوق المستمر بالنهوض بلعبة الجولف في المملكة. [Likes: 139, Comments: 5]; Public Investment Fund (PIF) (3d): #PIF 's Local Content Growth Program, MUSAHAMA, is driving transformation across Saudi Arabia's domestic industries. Built on four strategic pillars, the program helps local suppliers grow stronger, compete globally and shape an economy defined by opportunity. Learn more:

• PIF (Saudi Arabia) - Fund Profile

  The Public Investment Fund (PIF) was originally founded in 1971 to pursue the development of Saudi’s economy. In 2015, King Salman rose to the throne and assigned PIF to report to his son, the now Crown Prince, Mohammad bin Salman (MbS). Since then, PIF has adopted a new strategy and played a more active role both at home, with Saudi’s Vision 2030, and abroad, with multi-billion investments in Softbank or Uber. The Fund has the ambition of growing into the world’s largest SWF, with AuM of USD 2

• Public Investment Fund - Wikipedia

  PIF has been characterized as among the least transparent sovereign wealth funds in the world. In 2016, The Wall Street Journal noted that none of the fund's investments were named. According to Steffen Hertog, a professor at the London School of Economics, the PIF "is seen as opaque, a black box. Few know what's going on there, including sometimes other government ministries." As the PIF is a ministry-operated company with an overwhelming focus on domestic investments, some scholars [...] PIF has a 38% stake in Posco Engineering & Construction Co., a 5% stake in Uber (for $3.5 billion), and a 5% stake in the video game companies Capcom and Nexon (for $1 billion). In March 2016, it was announced that ownership of Saudi Aramco would be transferred to the PIF and that the Kingdom will seek to list 5 percent of Aramco's shares by 2017. PIF owns Qiddiya, spearheads the Red Sea Project for luxury beach resorts, and owns the closed joint-stock company Neom. PIF owns a 5.7% stake [...] appointed, chaired by Crown Prince Mohammed bin Salman. The board says PIF is aligned with the government's Vision 2030 with the aim to diversify the economy. To bolster the resources of the PIF and help in the financing of investments into foreign companies such as Uber and Tesla, the PIF received cash from the Saudi Central Bank, issued debt, and benefitted from the proceeds of the privatisation of Saudi state assets.

• Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia

  | | | --- | | Name: | Public Investment Fund | | Legal Name: | Public Investment Fund of Saudi Arabia | | DBA: | PIF | | LEI: | 558600EF1LZ82YHRMV66 | | Region: | Middle East | | Country: | Saudi Arabia | | Established At: | 1971 | | Type: | Sovereign Wealth Fund | Public Investment Fund Contact Information [...] SWF Summit Events Public Investment Fund of Saudi Arabia (Public Investment Fund) PIF: Sovereign Wealth Fund in Saudi Arabia, Middle East Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. Current Assets for PIF is $925,000,000,000 and SWFI has 57 periods of historical assets, 154 subsidiaries, 17 Opportunities/RFPs, 267 personal contacts available for CSV Export. 396 Recorded Transactions 17 [...] Hill International Wins Construction Management Contract for Amman Healthcare Project 06/09/2021 PIF Creates MENA Investments Unit, Broader Scope 08/19/2020 Saudi Arabia’s Public Investment Fund Creates ROSHN Real Estate 06/22/2020 Saudi Arabian Ma’aden to Reschedule Phosphate Subsidiary’s Debt 04/28/2008 Saudi Arabia Plans to Launch U.S. $5.3 Billion SWF Get News Stories Delivered to Your Inbox

• Saudi Arabia PIF fund sees $8 billion writedown ...

  Gigaproject investments declined by 12.4% to 211 billion Saudi riyal ($56.2 billion). Meanwhile, assets overseen by the PIF climbed 19% from the end of 2023 to around $913 billion, making it one of the largest and fastest-growing sovereign wealth funds on the planet. The gigaprojects, which include the futuristic $500 billion Neom development, constituted 6% of the PIF's assets in 2024, down from 8% the year prior. [...] Part of the reason behind the PIF's significant jump in AUM is thanks to more of Saudi state oil giant Aramco being allocated to the fund. But analysts note that if crude prices continue to fall, as some industry forecasters expect will be the case, the percentage of revenue that the Saudi government and PIF will be able to derive from those oil investments is likely to decrease in tow.