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Public Investment Fund Of Saudi Arabia Wikipedia
Pif Public Investment Fund
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The public investment fund vision realization program strengthens the public investment fund which is the engine behind economic diversity in the ksa.
Public investment fund saudi arabia ownership. Country of incorporation saudi arabia ownership type government established in 1971 primary sector financial services. Saudi arabia s sovereign wealth fund plowed billions of dollars into us stocks such as boeing disney and facebook last quarter. It was founded for the purpose of investing funds on behalf of the government of saudi arabia. Business summary saudi arabian governmental fund investing in national equity and financing local commercial projects with the main objective of developing the country s national economy and growth.
To be a global investment powerhouse and the worl d s most impactful investor enabling the creation of new sectors and opportunities that will shape the future global economy while driving the economic transformation of saudi arabia. Public investment fund of saudi arabia pif is a sovereign wealth fund located in riyadh saudi arabia middle east and was founded in 1971. It also develops high focus strategic sectors by growing and maximizing the impact of the fund s investments making it the largest sovereign wealth fund in the world. It provides financing support to productive commercial projects that while being.
The public investment fund is seeking to become a leading global impactful investor in line with the objective of vision 2030 and to drive the economic transformation of saudi arabia through active long term investments and maintaining high standards of governance and transparency. Moreover the program establishes strong economic. 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 382 billion. The kingdom s public investment fund posted an almost 50 drop in ownership of berkshire s shares with a current hold of 218 778 shares a 13f filing showed on friday last week.
Public investment fund saudi arabia.
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