# Public Investment Fund

Public Investment Fund is a Sovereign Wealth Fund based in Riyadh, Saudi Arabia.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Riyadh, Saudi Arabia
- **Region:** Middle East
- **Address:** Riyadh, Saudi Arabia
- **Founded:** 1971
- **Assets under management:** $1.21T (YE 2025)
- **Website:** pif.gov.sa
- **LinkedIn:** https://www.linkedin.com/company/pifsaudi
- **Wikidata:** Q12220298

## Regulatory record

- **Reports private funds:** No

## About

The Public Investment Fund (PIF) is the sovereign wealth fund of the Kingdom of Saudi Arabia, established in 1971 under Royal Decree No. M/24 and restructured in 2015 under the Council of Economic and Development Affairs (CEDA) with HRH Crown Prince Mohammed bin Salman as Chairman (per official history and PIF Law). Headquartered in Riyadh, PIF serves as a primary engine of Saudi Vision 2030, actively investing domestically and internationally to maximize sustainable long-term returns, diversify the economy, unlock new sectors, localize technologies, and build strategic partnerships (per 2024 Annual Report and mission statement). Its portfolio spans local investment pools focused on giga-projects and national champions, international diversified and strategic investments, and a treasury pool. As of year-end 2024, PIF reported assets under management of SAR 3,424 billion (approximately $913 billion), with 19% year-on-year growth, average annual total portfolio returns of 7.2% since 2017, cumulative non-oil GDP contribution of $243 billion (2021–2024), and representation of 10% of Saudi non-oil GDP (per 2024 Annual Report and related press release). Audited consolidated financial statements for the year ended 31 December 2025 report total Group assets of SAR 4.54 trillion (approximately $1.21 trillion). PIF maintains world-class governance aligned with Santiago Principles, international credit ratings (Aa3 Moody’s, A+ Fitch), and a multi-portfolio structure supporting Vision Realization Programs.

## Sectors

- Energy Transition & Renewables
- Real Estate
- Infrastructure
- Mobility & Transportation
- Media & Entertainment
- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- AI/ML
- FinTech

## Offices

- New York, United States
- London, United Kingdom
- Hong Kong

## People

- HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud — Chairman of the Board of Directors
- H.E. Yasir Bin Othman Al-Rumayyan — Governor
- Yasir A. AlSalman — Chief Financial Officer
- Yazeed Al-Humied — Deputy Governor and Head of MENA Investments
- Maram Al Johani — Acting Chief of Staff and Secretary General to the Board of Directors
- H.E. Dr. Ibrahim bin Abdulaziz Al-Assaf — Board Member; Chairman of Investment Committee and Nomination and Remuneration Committee

## Questions

### What is the primary mandate of the Public Investment Fund?

PIF’s mandate is to actively invest over the long term to maximize sustainable returns, serve as the investment partner of choice for global opportunities, and enable the economic development and diversification of the Saudi economy in support of Vision 2030 (per official mission and PIF Law).

### What is the most recent disclosed AUM or total assets figure for PIF?

Audited consolidated financial statements for the year ended 31 December 2025 report total Group assets of approximately SAR 4.54 trillion ($1.21 trillion). The 2024 Annual Report disclosed AuM of SAR 3,424 billion (~$913 billion) as of year-end 2024.

### When was PIF founded and how has its governance evolved?

PIF was established in 1971 by Royal Decree No. M/24. In 2015 it was placed under CEDA with HRH Crown Prince Mohammed bin Salman as Chairman, gaining greater autonomy; updated PIF Law was issued in 2019 (per official history page and PIF Law).

### Who leads the Public Investment Fund?

The Board of Directors is chaired by HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. H.E. Yasir Bin Othman Al-Rumayyan serves as Governor. Key executives include CFO Yasir A. AlSalman and Deputy Governor Yazeed Al-Humied (per official website, 2024 Annual Report, and press releases).

### How does PIF contribute to Saudi Vision 2030?

PIF drives economic transformation through domestic investments in priority sectors and giga-projects, international partnerships, sector creation (e.g., tourism, entertainment, renewables, AI), localization of technology, and non-oil GDP contribution, representing ~10% of non-oil GDP as of 2024 with cumulative contributions exceeding $243 billion (2021–2024) (per 2024 Annual Report).

## Related profiles

- [PTM Wealth Management](https://altss.com/profile/ptm-wealth-management)
- [Public Service Enterprise Group Pension Fund](https://altss.com/profile/public-service-enterprise-group-pension-fund)

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Last updated: 2026-07-17T21:54:31.000Z

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