Saudi Sovereign Wealth Fund Plans to Invest $10 Billion in Stocks in 2022
Posted on 01/12/2022
Saudi Arabia’s Public Investment Fund (PIF) plans to invest US$ 10 billion in stocks in 2022. PIF is seeking to acquire global stocks based on a thematic strategy. PIF is keen on themes of e-commerce such as internet retail and renewable investments. PIF is a major backer of EV maker Lucid. PIF also invested in Hyzon Motors, a supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, including heavy-duty lorries and buses. PIF bought around US$ 55.7 million shares worth of Hyzon Motors.
PIF bought the dip in March 2020, scooping up U.S. blue chip stocks when the COVID-19 pandemic started to surface globally.
PIF is an anchor investor of the SoftBank Vision Fund. In addition, PIF is trying to find investments in private markets such as private equity and institutional real estate. PIF is also open to co-investment opportunities in private equity.