Saudi Arabia’s PIF updates its asset size to $925.2bn
- Date: 13-Mar-2024
- Source: Arab News
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Arabia’s PIF updates its asset size to $925.2bn
RIYADH: Saudi Arabia’s sovereign wealth fund has revised its asset size on its website, reaching $925.2 billion, after it climbed to the fifth spot in a ranking of state-owned investment organizations.
The significant rise in the Public Investment Fund’s standing follows its procurement of an additional 8 percent stake in Aramco, boosting its shareholding’s estimated value to $328 billion.
This acquisition has significantly impacted PIF’s overall assets under management, exceeding $860 billion, a rise from $700 billion by the end of 2022. Saudi Arabia’s PIF updates its asset size to $925.2bn