The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia and one of the largest and most active sovereign investors in the world, ranking among the top five sovereign wealth funds globally with assets under management exceeding $930 billion. PIF's dual mandate is to maximize long-term financial returns on the Kingdom's wealth and serve as the primary catalytic engine of Saudi Arabia's economic diversification under Vision 2030, actively creating new sectors, launching giga-projects, establishing companies, and attracting foreign direct investment.
Headquartered at the Public Investment Fund Tower in Riyadh, Saudi Arabia, PIF was founded on August 17, 1971, by King Faisal bin Abdulaziz. The fund has three offices around the world located in Hong Kong, London, and New York. More than 60 percent of PIF's investments are within Saudi Arabia, including giga-projects such as Neom, Rua al Madinah, Amaala and Qiddiya, as well as investments in companies including Acwa Power, Maaden, Riyadh Air, Saudi National Bank and Saudi Tadawul.
The Public Investment Fund increased its contribution to Saudi Arabia's non-oil economy by almost $100 billion in 2025, with net earnings reaching $17 billion and revenue rising nine percent to $120 billion in the same period. PIF's strategy plan for 2026-30 prioritizes six key areas: tourism, urban development, advanced manufacturing, industry, clean energy and water infrastructure, and ports.
Recent Leadership & News
PIF is governed by a board of directors chaired by Crown Prince Mohammed bin Salman and managed by Governor Yasir Al-Rumayyan. Recent news includes the completion of Electronic Arts acquisition by PIF, Silver Lake, and Affinity Partners in August 2026, and the launch of Tawrid to provide supply-chain financing products in September 2026.
Facts compiled by Executive Moves from publicly available news and press releases on 4 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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