Trillion-Dollar Tank

Saudi PIF back in the black in 2023

The Public Investment Fund more than doubling earnings growth from 2022 and is also nearing the trillion-dollar mark in assets under management

PIF Governor Yasir Al-Rumayyan speaks on stage at the FII Priority conference in Rio de Janeiro. (Photo: FII / X)

Saudi Arabia’s Public Investment Fund swung into the black in 2023, recording revenues of SR 331 billion ($88.3 billion) and more than doubling earnings growth from 2022, according to an audit by KPMG.

The fund is also nearing...