Al-Rumayan: PIF is the sixth largest sovereign wealth fund in the world in terms of managed assets

Yasser bin Othman Al-Rumayan, Governor of the Public Investment Fund, confirmed that the fund was ranked as the sixth largest sovereign wealth fund in the world in terms of managed assets at the end of 2023, according to the SWF Institute. He attributed this to the effectiveness of the professional and diligent work in priority areas.

Al-Rumayan stated in the Public Investment Fund’s annual report for 2024 that the fund’s prominent position on the global stage continues to rise alongside its asset portfolio, in line with the expansion strategy and growth ambitions at the international level, as the fund’s rank in the global ranking of sovereign wealth funds rose 64 places from 71st to 7th place globally at the end of 2023, according to the Governance, Sustainability and Resilience (GSR) rankings of the Global SWF.

The governor explained that the fund aims to diversify funding sources and enhance its position to enable high-growth projects at the institutional level as strengthening the structure of the Public Investment Fund ensures its continuity as an engine for innovation, intellectual leadership and economic development, which enhances its contribution to achieving the goals of Saudi Vision 2030.