PIF assets rise to $940.3B, ranks 5th globally

The Public Investment Fund (PIF) advanced to the fifth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $940.26 billion, according to the latest data from the SWF Institute.  

PIF's assets rose by $163.6 billion, compared to $776.7 billion at the end of December 2023.  

This increase came after Crown Prince Mohammed bin Salman announced the transfer of 8% of Saudi Aramco’s shares to portfolios of companies wholly-owned by PIF.