Public Investment Fund
Country: Saudi Arabia
Established: 2008
US$ Billion: 5.3
Origin: Oil
Transparency Rating: n/a
Summary:
The Public Investment Fund (PIF) was originally established in 1971 to facilitate the development of the Saudi Arabian national economy. In 1974, PIF was mandated to hold equity positions in joint-stock ventures within its domestic economy. In 2008, PIF will manage and fully own a new sovereign wealth fund. The new SWF managed by the PIF will take on a long term investment horizon similar to that of most sovereign wealth funds.
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1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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