The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has witnessed a remarkable increase in its net assets, now valued at $940.26 billion. This growth positions it as the fifth largest state-owned investment organization globally.
An analysis from the US-based Sovereign Wealth Fund Institute reveals that PIF’s assets have experienced a $163.6 billion increase. The institute anticipates that PIF will likely surpass the $1 trillion threshold by the end of 2025.
A significant contributor to the rise in PIF’s assets under management is the recent acquisition of an 8 percent stake in the oil giant Aramco, which was approximately $700 billion prior to the deal. Reports indicate that Aramco’s shares now represent about 37 percent of the total value of PIF’s portfolio.
The dividends from the Aramco investment are expected to provide PIF with billions annually, enhancing its ability to invest further. This will also support the nation’s mega projects, where PIF is a key investor.
With $993 billion in assets under its management, the Abu Dhabi Investment Authority is another major player, close to reaching the trillion-dollar asset mark. The global leaders in sovereign wealth funds include Norway’s Government Pension Fund Global at $1.65 trillion, China Investment Corporation at $1.35 trillion, and SAFE Investment Company at $1.09 trillion.