Saudi Arabia’s PIF buying spree is vote of confidence in pandemic recovery – ZAWYA

Saudi Arabia’s PIF buying spree is vote of confidence in pandemic recovery – ZAWYA

Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery. The PIF buying spree helps shift its portfolio away from a concentration on Saudi Arabia and its big projects. Yasir Al-Rumayyan, governor of Saudi Arabia's Public Investment Fund ( PIF ), told a virtual gathering of investors last month, "You don't want to waste a crisis.. The disclosure - required by US authorities of all big investment institutions - showed that the PIF had not wasted any time at all during the crisis.. It does not identify exactly when the PIF bought the shares, only what their value was at the end of March.. Technology is one of the sectors generally seen as a long-term winner from the health crisis.. Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point-of-view.