Public Investment Fund
sovereign wealth fund owned by Saudi Arabia
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The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$776 billion (£538 billion).[source?] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia.[source?] The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.[source?]
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Native name | صندوق الإستثمارات العامة |
|---|---|
| Founded | 17 August 1971 |
| Founder | Faisal bin Abdulaziz |
| Headquarters | , |
Key people |
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| AUM | US$776 billion (£538 billion)[1] |
| Website | pif |
References change
- ↑ "Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets – SWFI". swfinstitute.org.
