Riyadh, Saudi Arabia – Saudi Arabia’s Public Investment Fund (PIF) has officially surpassed $1 trillion in assets under management, positioning itself among the world’s largest and most influential sovereign wealth funds. But rather than accelerating further expansion, the PIF is now pivoting towards strategic discipline, solvency, and sustainable long-term returns, according to a new report by Global SWF.
The sovereign wealth fund, which is central to Crown Prince Mohammed bin Salman’s Vision 2030 transformation plan, grew its AUM by 18% in 2024, reaching SR4.32 trillion ($1.15 trillion). However, the shift in narrative from “scale” to “substance” reflects growing internal and external pressures to focus on fiscal sustainability, operational maturity, and capital efficiency....
