Public Investment Fund

Saudi Arabia US$ 5.3 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2008
Transparency Rating: 4
View SWFI Direct Transaction Data
Entity Structure: Fund
Population Est.: 29.2 million – 2012
Wealth Per Capita Est.: US$ 181.50

Fund Details

Related Articles

Strategy & Objectives

SWF Asset Allocation

Fund Commitments

Key Executives and People


Main Office
Ministry Of Finance Compound
Building No.2
6th Floor
Riyadh
Kingdom Of Saudi Arabia

Mailing Address
P. O. Box # 6847
Riyadh 11452
Kingdom of Saudi Arabia
Tel: 009661-4050000/2006[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Governance

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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 sovereign wealth fund managed by the PIF will take on a long term investment horizon similar to that of most sovereign wealth funds.

sanabil
The fund created Sanabil Investments. Sanabil is a closed joint stock company with a share capital of twenty billion (20,000,000,000) Saudi Riyal and is headquartered in the city of Riyadh. Sanabil Investments seeks to realize sustainable superior returns based on long-term investment strategies built on diversification of investments, optimizing risk management and careful selection of investment opportunities.

Background
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Saudi Arabia – Total Reserves including Gold

Source: SAMA – Billions USD, Annual Series