Saudi PIF maintains 6th rank among world’s top SWFs with $607.4 bln assets

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) remained in the 6th place among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $607.42 billion, recent data from SWF Institute showed.

The Kingdom’s sovereign wealth fund will double its assets to over SAR 4 trillion ($1.066 trillion) by 2025. Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion by 2030 ($2.7 trillion).

China Investment Corporation took over the first place with $1.350 trillion assets. The fund’s assets rose $129 billion, compared to September.

Norway’s Government Pension Fund Global moved down one notch to the second place with $1.136 trillion assets. The fund’s assets decreased by $133 billion, compared to September.

The aggregate assets of the world’s SWFs hit $10.30 trillion, up from $10.12 trillion in September 2022.

The following table shows the world’s top 10 sovereign wealth funds: