Public Investment Fund
| Saudi Arabia | US$ 5.3 Billion |
|---|---|
| Established: 2008 Transparency Rating: 4 |
Origin: Oil Firm Investment Style: n/a Entity Structure: Fund |
Summary:
The Public Investment Fund (PIF) was originally established in 1971 to facilitate the development of the Saudi Arabian national economy. In 1974, PIF was mandated to hold equity positions in joint-stock ventures within its domestic economy. In 2008, PIF will manage and fully own a new sovereign wealth fund. The new SWF managed by the PIF will take on a long term investment horizon similar to that of most sovereign wealth funds.
