New Priorities
PIF getting more selective with investments, despite faster growth rate
The PIF reported assets under management increased to $765 million at the end of 2023, a growth rate of 8.7%
Public Investment Fund Governor Yasir Al-Rumayyan at FII Priority Summit in Miami (Photo: FII/X)
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Amid indications that Saudi Arabia’s Public Investment Fund is tightening its belt, the sovereign wealth fund’s coffers grew at a higher rate last year than in 2022.
The PIF, which bankrolls a wide range of the kingdom’s investments including...