PIF has SAR 2.23 trln AUMs in 2022

The Public Investment Fund (PIF) said gross assets under management (AUMs) reached 2.23 trillion, including SAR 5 billion funds redeemed from government entities, the fund said in its annual report for 2022.

International investments accounted for 23%, or SAR 512 billion, of gross AUMs, compared to 77%, or SAR 1.71 trillion, for local investments.

The total shareholders’ return since the start of the Vision Realization Program on Sept. 30, 2017 until the end of 2022 (on an annual basis) reached 8%.

The Kingdom’s sovereign wealth fund added that 181,000 direct and indirect jobs were created, with 25 companies established in 2022.

Saudi equity holdings made up 32% of the fund’s assets, while the Saudi sector development represented 21% of the total.

PIF disclosed the annual consolidated financial statements, which include its assets and subsidiaries, in line with the best practices of wealth funds and other investment entities.

Source : Argaam