Total assets of Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) reached USD 925 billion in July 2024 d., is stated in the organization's financial statement published on its website.
According to the report, last year the value of PIF assets increased by 29% compared to 2022 - to 765 billion USD. The volume of international investments at the end of 2023 amounted to USD 156 billion, which is 14% more. than the previous year. The average total return of the fund's shareholders is fixed at 8.7% per annum.
PIF is one of the largest sovereign wealth funds in the world. It plays a key role in Saudi Crown Prince Mohammed bin Salman Al Saud's program to diversify the kingdom's oil-dependent economy.