Public Investment Fund

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). It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.

Public Investment Fund
Native name
صندوق الإستثمارات العامة
Founded17 August 1971 (1971-08-17)
FounderFaisal bin Abdulaziz
Headquarters
Riyadh
,
Saudi Arabia
Key people
AUMUS$776 billion (£538 billion)[1]
Websitepif.gov.sa

References
  1. "Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets – SWFI". swfinstitute.org.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.