PIF records SR 14.7 billion (unrealized) losses by the end of 2022‎

The Public Investment Fund achieved 14.7 billion riyals in losses by the end of the year 2022, compared to 85.7 billion riyals in profits recorded in 2021, and the decrease resulted mainly from unrealized losses (change in fair value) from investing in securities and funds in addition to some investments On the other hand, due to the decline in the markets, especially in the technology sector, on the other hand, dividends and gains from investments mitigated the impact of losses.

According to the fund, revenues from non-investment activities increased by 32%, mainly due to the increase in the revenues of some local subsidiaries, and the increase in the cost of revenues and expenses is in line with the increase in revenues from non-investment activities compared to the previous year. In addition, costs and expenses increased related to major Saudi projects

In 2022, the Public Investment Fund was able, through its strategy 2021-2025, to achieve tangible progress in the growth of the volume of assets under management, amounting to 2234 billion riyals, recording a year full of achievements, which included the implementation of many strategic initiatives and the establishment of new companies, which contributed to strengthening The growth of the local economy, in order to achieve the goals of the Kingdom’s Vision 2030, to create a sustainable and more prosperous future for future generations.‎