The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), which was established in 2018 and is a wholly-owned subsidiary of the Public Investment Fund (PIF), the sovereign wealth …

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$ 930 billion (£ 718.2 billion). [2] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. [3] The wealth fund is ...

Mar 19, 2024 · RIYADH: Saudi Arabia’s Public Investment Fund has soared in an annual global ranking of sovereign wealth organizations, thanks to a 55 percent increase in assets under management. The value of ...

Jun 7, 2023 · What is the Saudi sovereign fund? Known as the Public Investment Fund, or P.I.F., it is an investment pool that manages more than $700 billion in Saudi government money.

Aug 29, 2019 · Al Arabiya English spoke to the SWFI – Sovereign Wealth Fund Institute, and has put together a list of the top 10 largest wealth funds in the Arab world based on overall fund size.

6 days ago · RIYADH: Saudi Arabia’s Public Investment Fund has successfully priced a $4 billion bond issuance, divided into two tranches. The offering was met with strong demand, attracting global investors ...

Oct 29, 2024 · The sovereign wealth fund is the main vehicle for Crown Prince Mohammed bin Salman's plans to steer the Saudi economy away from oil, with investments of hundreds of billions of dollars to develop new sectors and create more sustainable revenue streams.

Oct 29, 2024 · Saudi Arabia’s sovereign wealth fund plans to further scale back the share of its international investment, drawing a line under a multibillion-dollar global spending spree as it refocuses on ...

Jan 1, 2025 · Across the Middle East, however, sovereign wealth funds sharply increased spending. The most significant funds controlled by the UAE, Qatar and Saudi Arabia invested a record $82bn in 2024, a rise ...

Aug 28, 2024 · The Public Investment Fund (PIF) of Saudi Arabia has emerged as a central player in the country's vision to diversify its economy away from oil dependence. This article delves into the PIF's ...