PIF assets rise to $650 bln

Logo of Public Investment Fund

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $650 billion, compared to $607.42 billion a year earlier, recent data from SWF Institute showed.

The Kingdom’s sovereign wealth fund aims to double its assets to over SAR 4 trillion ($1.07 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).

Norway’s Government Pension Fund Global ranked first with $1.35 trillion assets, followed by China Investment Corp.

The aggregate assets of the world’s SWFs hit $10.47 trillion, up from $10.30 trillion a year earlier.

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