Public Investment Fund
|Saudi Arabia||US$ 5.3 Billion|
Transparency Rating: 4
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Firm Investment Style: N/A
Entity Structure: Fund
Population Est.: 29.2 million – 2012
Wealth Per Capita Est.: $181.50
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.
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.
Strategy & Objectives