PIF achieves profits of 64.4 billion riyals by the end of 2023

The Public Investment Fund achieved profits of 64.4 billion riyals by the end of 2023, compared to losses of 16.7 billion riyals during 2022.

According to the fund’s annual report, revenues increased to 331.3 billion riyals during 2023, with a growth rate of 101%, while the fund achieved an operating profit of approximately 64.4 billion riyals, compared to losses it recorded during 2022 of about 16.7 billion riyals.

The fund’s assets increased during 2023 to 3.6 trillion riyals, with a growth rate of 26% over the previous year.