CASH QUEST

Saudi PIF explores new funding options as war strains finances

The sovereign wealth fund, which backs Riyadh Air, Lucid and NEOM, wants those businesses to grow without having to keep funding them itself

Mike Kemp/In Pictures via Getty Images

PIF advertising at Piccadilly Circus screens in London last year

Saudi Arabia’s Public Investment Fund is exploring new ways to finance its companies as the war puts pressure on the kingdom’s efforts to build an economy beyond oil.

The fund, whose investments include startup carrier Riyadh Air,...