Investment king

Saudi Arabia’s PIF leads sovereign spenders after EA acquisition

Abu Dhabi-based Mubadala ranked second, spending roughly $32.7 billion on deals that included its $9 billion acquisition of Canada's CI Financial

Public Investment Fund

Riyadh at night

Saudi Arabia’s Public Investment Fund emerged in 2025 as the biggest spender among the world’s sovereign wealth funds, propelled by the blockbuster acquisition of U.S. video-game maker Electronic Arts.

The $55 billion deal by a PIF-led consortium –...