Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) Reports +8.7% Annualized Return in 2023 with Increase of +29% AUM to $764 Billion, 85% of PIF AUM Managed Internally & 15% Managed by External Managers, Sector Allocation – Energy 23.1%, Real Estate 17%, IT 9.4%, Financials 7.3%, Communication 6.9%, Utilities 5.5%, Materials 4.6%, Industrials 3.1%, Consumer Discretionary 2.5%, Consumer Staples 1.2%, Healthcare 0.4%, Others 18.9%. Portfolio Allocation – Saudi Sector Development 33%, Saudi Equity Holdings 27%, International Strategic Investment 9%, Saudi Real Estate & Infrastructure Development 8%, Saudi Giga-Projects 8%, International Capital Markets Program 7%, International Diversified Pool 5%, Treasury 3%
21st August 2024 | Hong Kong
Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) has reported 8.7% annualized return in 2023 (since inception), with an increase of +29% AUM to SAR 2.87 trillion AUM ($764 Billion). 85% of PIF AUM is managed internally, and 15% managed by external managers. Sector Allocation – Energy 23.1%, Real Estate 17%, IT 9.4%, Financials 7.3%, Communication 6.9%, Utilities 5.5%, Materials 4.6%, Industrials 3.1%, Consumer Discretionary 2.5%, Consumer Staples 1.2%, Healthcare 0.4%, Others 18.9%. Portfolio Allocation – Saudi Sector Development 33%, Saudi Equity Holdings 27%, International Strategic Investment 9%, Saudi Real Estate & Infrastructure Development 8%, Saudi Giga-Projects 8%, International Capital Markets Program 7%, International Diversified Pool 5%, Treasury 3%.
“ Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) Reports +8.7% Annualized Return in 2023 with Increase of +29% AUM to $764 Billion, 85% of PIF AUM Managed Internally & 15% Managed by External Managers, Sector Allocation – Energy 23.1%, Real Estate 17%, IT 9.4%, Financials 7.3%, Communication 6.9%, Utilities 5.5%, Materials 4.6%, Industrials 3.1%, Consumer Discretionary 2.5%, Consumer Staples 1.2%, Healthcare 0.4%, Others 18.9%. Portfolio Allocation – Saudi Sector Development 33%, Saudi Equity Holdings 27%, International Strategic Investment 9%, Saudi Real Estate & Infrastructure Development 8%, Saudi Giga-Projects 8%, International Capital Markets Program 7%, International Diversified Pool 5%, Treasury 3% “
Sector Allocation –
- Energy 23.1%,
- Real Estate 17%,
- IT 9.4%,
- Financials 7.3%,
- Communication 6.9%,
- Utilities 5.5%,
- Materials 4.6%,
- Industrials 3.1%,
- Consumer Discretionary 2.5%,
- Consumer Staples 1.2%,
- Healthcare 0.4%,
- Others 18.9%.
Portfolio Allocation –
- Saudi Sector Development 33%,
- Saudi Equity Holdings 27%,
- International Strategic Investment 9%,
- Saudi Real Estate & Infrastructure Development 8%,
- Saudi Giga-Projects 8%,
- International Capital Markets Program 7%,
- International Diversified Pool 5%,
- Treasury 3%.
Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) Signs $50 Billion MoU on Capital Flows via Debt & Equity to Foster Institutional Partnerships Globally with 6 China Financial Institutions – Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), China Export & Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and Industrial & Commercial Bank of China (ICBC)
2nd August 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) has signed a $50 billion MoU (Memorandums of Understanding) on capital flows via debt & equity to foster institutional partnerships globally with 6 China financial institutions – Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), China Export & Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and Industrial & Commercial Bank of China (ICBC). Public Investment Fund (1/8/24): “PIF has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading financial institutions. These MoUs were signed with the Agricultural Bank of China (ABC), Bank of China (BoC), China Construction Bank (CCB), China Export & Credit Insurance Corporation (SINOSURE) Export-Import Bank of China (CEXIM) and the Industrial and Commercial Bank of China (ICBC). The MoUs cover areas of cooperation such as encouraging two-way capital flows through both debt and equity, and come as part of PIF’s strategy to foster institutional partnerships globally.” In 2024 July, Public Investment Fund (PIF) appointed Fahad AlSaif as Head of Investment Strategy & Economic Insights Division, and will continue his existing role as Head of Global Capital Finance Division.
Fahad AlSaif. PIF’s Head of the Global Capital Finance Division and Head of Investment Strategy and Economic Insights Division: “The MoUs demonstrate PIF’s strong and deepening relationships with leading financial institutions and accentuate PIF’s commitment to enhancing partnerships globally.”
Saudi Arabia $930 Billion Public Investment Fund Appoints Fahad AlSaif as Head of Investment Strategy & Economic Insights Division & Will Continue Existing Role as Head of Global Capital Finance Division
27th July 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) has appointed Fahad AlSaif as Head of Investment Strategy & Economic Insights Division, and will continue his existing role as Head of Global Capital Finance Division. PIF (23/7/24): “PIF today announced the appointment of Fahad AlSaif as Head of the Investment Strategy and Economic Insights Division, effective immediately. He will continue in his existing role as Head of the Global Capital Finance Division. Fahad will be responsible for guiding the development of PIF’s overarching investment strategy, as well as market trends, sustainability and net zero strategies. He will ensure the utilization by the division of sophisticated economic research and advanced analytics to enable effective decision-making for PIF’s leadership. As Head of the Global Capital Finance Division, Fahad will continue to oversee PIF’s financing activities, including capital finance strategy development, government asset transfer projects, capital raising and structuring, funding advisory, and financial institutions and investor relationship management.” Earlier in 2024 July, Public Investment Fund (PIF) reported $36.8 billion net profit in 2023.
Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) Reports $36.8 Billion Net Profit in 2023
9th July 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) has reported $36.8 billion net profit in 2023. In 2024 March, Saudi Arabia Prime Minister & Crown Prince (Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud) transferred 8% of $2 trillion (Market Value: 1/3/24) Saudi Aramco shares valued at $163 billion to Saudi Arabia sovereign wealth fund Public Investment Fund (PIF). Public Investment Fund owns 4% of Saudi Aramco since 2022 and 4% via subsidiary Sanabil Investments since 2023. In February 2024, Saudi Arabia sovereign wealth fund Public Investment Fund Governor Yasir al-Rumayyan announced to deploy $70 billion in capital after 2025. PIF Governor Yasir al-Rumayyan made the comment at the annual gathering of non-profit (Saudi Arabia Public Investment Fund) Foundation Future Investment Initiative (FII) Institute at the United States FII Priority Summit in Miami which took place on the 22nd & 23rd February 2024. More info below:
Saudi Arabia Prime Minister & Crown Prince Transfers 8% of $2 Trillion Saudi Aramco Shares Valued at $163 Billion to Saudi Arabia $776 Billion Sovereign Wealth Fund Public Investment Fund, Public Investment Fund Owns 4% of Saudi Aramco Since 2022 & 4% via Subsidiary Sanabil Investments Since 2023
10th March 2024 – Saudi Arabia Prime Minister & Crown Prince (Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud) has transferred 8% of $2 trillion (Market Value: 1/3/24) Saudi Aramco shares valued at $163 billion to Saudi Arabia $776 billion sovereign wealth fund Public Investment Fund (PIF). Public Investment Fund owns 4% of Saudi Aramco since 2022 and 4% via subsidiary Sanabil Investments since 2023. In February 2024, Saudi Arabia sovereign wealth fund Public Investment Fund Governor Yasir al-Rumayyan announced to deploy $70 billion in capital after 2025. PIF Governor Yasir al-Rumayyan made the comment at the annual gathering of non-profit (Saudi Arabia Public Investment Fund) Foundation Future Investment Initiative (FII) Institute at the United States FII Priority Summit in Miami which took place on the 22nd & 23rd February 2024. More info below:
Saudi Arabia $776 Billion Sovereign Wealth Fund Public Investment Fund Governor Yasir al-Rumayyan Announced to Deploy $70 Billion in Capital after 2025, Annual Gathering of Non-Profit Saudi Arabia Public Investment Fund Foundation Future Investment Initiative (FII) Institute at the United States FII Priority Summit
24th February 2024 – Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) with $776 billion AUM (Assets under Management) Governor Yasir al-Rumayyan has announced to deploy $70 billion in capital after 2025. PIF Governor Yasir al-Rumayyan made the comment at the annual gathering of non-profit (Saudi Arabia Public Investment Fund) Foundation Future Investment Initiative (FII) Institute at the United States FII Priority Summit in Miami which took place on the 22nd & 23rd February 2024. FII PRIORITY Summits – FII PRIORITY Summits are an ongoing global programme of summits powered by FII Institute, anchored by the Institute’s FII PRIORITY Compass, focused on humanity’s priorities, concerns, and hopes. The summit is designed to deliver impactful change by transforming ideas into tangible solutions. FII PRIORITY is a call to action that transcends boundaries, brings disparate perspectives into harmony, and delivers an incisive picture of the pressing issues and prevailing attitudes of our time. Previous summits have been hosted in Hong Kong, New York, London, and Miami, and this will be the second edition of FII PRIORITY in Miami. In 2023 December, Public Investment Fund is reviewing plan to setup offices in China Mainland & India. Public Investment Fund (PIF) had setup the first office in Asia in Hong Kong in 2022. In August 2023, Public Investment Fund (PIF) reported $15.6 billion loss in 2022. Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) is chaired by Saudi Arabia Crown Prince Mohammed bin Salman.
Saudi Arabia $776 Billion Sovereign Wealth Fund Public Investment Fund Reviewing Plan to Setup Offices in China Mainland & India, Setup First Office in Asia in Hong Kong in 2022
8th December 2023 – Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) with $776 billion AUM (Assets under Management) is reviewing plan to setup offices in China Mainland & India. Public Investment Fund (PIF) had setup the first office in Asia in Hong Kong in 2022. In August 2023, Public Investment Fund (PIF) reported $15.6 billion loss in 2022. Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) is chaired by Saudi Arabia Crown Prince Mohammed bin Salman. Earlier in June 2023, top golf organizers PGA Tour and LIV Golf have agreed to merge and to end all pending lawsuits (7/6/23). LIV Golf is backed by Saudi Arabia Public Investment Fund (PIF) with $620 billion AUM (Assets under Management), which will also made additional capital investments in the deal. The deal will combine both PGA Tour and LIV Golf commercial businesses and rights to a new entity. More info below.
$620 Billion Saudi Arabia Sovereign Wealth Fund Public Investment Fund Reported $15.6 Billion Loss in 2022, Chaired by Saudi Arabia Crown Prince Mohammed bin Salman
11th August 2023 – Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) with $620 billion AUM (Assets under Management) has reported $15.6 billion loss in 2022. Saudi Arabia sovereign wealth fund Public Investment Fund (PIF) is chaired by Saudi Arabia Crown Prince Mohammed bin Salman. Earlier in June 2023, top golf organizers PGA Tour and LIV Golf have agreed to merge and to end all pending lawsuits (7/6/23). LIV Golf is backed by Saudi Arabia Public Investment Fund (PIF) with $620 billion AUM (Assets under Management), which will also made additional capital investments in the deal. The deal will combine both PGA Tour and LIV Golf commercial businesses and rights to a new entity. More info below.
Top Golf Organizers PGA Tour & LIV Golf Agree to Merge & End All Pending Lawsuits, LIV Golf is Backed by $620 Billion Saudi Arabia Public Investment Fund & Will Make Capital Investments into the New Entity
17th June 2023 – Top golf organizers PGA Tour and LIV Golf have agreed to merge and to end all pending lawsuits (7/6/23). LIV Golf is backed by Saudi Arabia Public Investment Fund (PIF) with $620 billion AUM (Assets under Management), which will also made additional capital investments in the deal. The deal will combine both PGA Tour and LIV Golf commercial businesses and rights to a new entity. The agreement includes DP World Tour (PGA European Tour). Since LIV Golf was launched in 2021 and led by Greg Norman, leading PGA Tour players including Phil Mickelson and Bubba Watson had joined LIV Golf. PGA Tour. PGA Tour started banning LIV Golf players, and LIV Golf began to file lawsuits against PGA Tour. LIV is the number 54 in Roman. On a par-72 course, a score of 54 is achieved if a birdie is recorded on every hole (18 holes).
Top Golf Organizers PGA Tour & LIV Golf Agree to Merge & End All Pending Lawsuits, LIV Golf is Backed by $620 Billion Saudi Arabia Public Investment Fund & Will Make Capital Investments into the New Entity
- PGA TOUR, DP World Tour and PIF announce newly formed commercial entity to unify golf
- Agreement establishes common goal to promote and grow the game globally for the benefit of all stakeholders, ends litigation
7th June 2023 – The PGA TOUR, DP World Tour and the Public Investment Fund (PIF) today announced a landmark agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.
In addition, PIF will make a capital investment into the new entity to facilitate its growth and success. The new entity (name TBD) will implement a plan to grow these combined commercial businesses, drive greater fan engagement and accelerate growth initiatives already underway. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward.
Notably, today’s announcement will be followed by a mutually agreed end to all pending litigation between the participating parties. Further, the three organizations will work cooperatively and in good faith to establish a fair and objective process for any players who desire to re-apply for membership with the PGA TOUR or the DP World Tour following the completion of the 2023 season and for determining fair criteria and terms of re-admission, consistent with each Tour’s policies.
“After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA TOUR Commissioner Jay Monahan. “This transformational partnership recognizes the immeasurable strength of the PGA TOUR’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV – including the team golf concept – to create an organization that will benefit golf’s players, commercial and charitable partners and fans. Going forward, fans can be confident that we will, collectively, deliver on the promise we’ve always made – to promote competition of the best in professional golf and that we are committed to securing and driving the game’s future.
“We are pleased to move forward, in step with LIV and PIF’s world-class investing experience, and I applaud PIF Governor Yasir Al-Rumayyan for his vision and collaborative and forward-thinking approach that is not just a solution to the rift in our game, but also a commitment to taking it to new heights. This will engender a new era in global golf, for the better.”
“Today is a very exciting day for this special game and the people it touches around the world,” said PIF Governor Yasir Al-Rumayyan. “We are proud to partner with the PGA TOUR to leverage PIF’s unparalleled success and track record of unlocking value and bringing innovation and global best practices to business and sectors worldwide. We are committed to unifying, promoting and growing the game of golf around the world and offering the highest-quality product to the many millions of long-time fans globally, while cultivating new fans.
“There is no question that the LIV model has been positively transformative for golf. We believe there are opportunities for the game to evolve while also maintaining its storied history and tradition. This partnership represents the best opportunity to extend and increase the impact of golf for all. We look forward to collaborating with Jay and Keith to bring the best version of the game to communities around the world.”
Under the terms of the agreement, the Board of Directors of the new entity will oversee and direct all the new entity’s golf-related commercial operations, businesses and investments. The new entity will work to ensure a cohesive schedule of events that will be exciting for fans, sponsors and all stakeholders. PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour. The PGA TOUR will appoint a majority of the Board and hold a majority voting interest in the combined entity.
Separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other “inside the ropes” responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. PIF’s Governor Yasir Al-Rumayyan will join the PGA TOUR Policy Board. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.
The Board of Directors of the new commercial entity will include Al-Rumayyan as Chairman and Monahan as Chief Executive Officer; the new entity’s Board will also include an Executive Committee comprising Al-Rumayyan, Monahan, Herlihy and PGA TOUR Policy Board member Jimmy Dunne. The full Board will be announced at a later date, and it is anticipated that all three founding members will have representation.
Keith Pelley, Chief Executive of the DP World Tour, said “This is a momentous day. We are delighted to be able to not only reignite our relationship with PIF, but also to have the opportunity to build on our current Strategic Alliance partnership with the PGA TOUR. Together we will be stronger than ever and well positioned to continue to bring the game to all corners of the globe. To partner in this new entity and influence the growth of the game for all our DP World Tour members is energizing and exciting.”
All parties will work in the months to come to finalize terms of the agreement, with details to be announced in due course.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
