Value of assets managed by PIF amounted to SR 2.87 trillion until 2023

The Public Investment Fund’s annual report for 2023 recorded that the total value of assets managed by the fund exceeded 2.87 trillion riyals (equivalent to 765.6 billion dollars) by December 31, 2023, with an annual growth rate of 29% compared to the end of 2022, and the average total shareholder return on an annual basis reached 8.7% since the start of the Vision Realization Program.

According to the annual report, the total assets currently under management by the fund amounted to 3.47 trillion Saudi riyals (equivalent to 925 billion dollars), and the fund achieved rapid achievements during 2023, across many strategic pillars and sectors in the Kingdom and the world, including transportation, mining, real estate, infrastructure, health, communications, technology, tourism and sports.

In its annual report, the Fund applied the Global Investment Performance Standards (GIPS®) issued by the CFA Institute, according to which the total net cash return for both the investment portfolio aimed at developing and growing promising sectors, and the investment portfolio in Saudi companies amounted to 42 billion riyals for the year 2023 (about 11.2 billion dollars), which is nearly double the target set at 20 billion riyals (about 5.3 billion dollars). The Public Investment Fund’s annual report for 2023 reflects the continuation of the Fund’s work strategy as a major driver and driver of economic transformation in the Kingdom, in recording strong performance and growth rates, in line with Saudi Vision 2030, and contributing to strengthening its position as one of the most influential investors in the world.