PIF assets under management up sixfold: Al Rumayyan

PIF Governor Yasir Al Rumayyan said the fund has attracted global companies and investors to the local market.

Yasir Al Rumayyan, governor of the Public Investment Fund (PIF), said the fund’s strategy continues to deliver results alongside domestic and international growth, with assets under management (AUM) increasing sixfold.

He said the fund has attracted global companies and investors to the local market, supporting the Kingdom’s economic transformation.

Al Rumayyan said the five-year strategy is a continuation of the fund’s journey and a natural step in its growth, focusing on delivering sustainable value, maximizing impact, and improving investment efficiency.

This will be achieved by transforming 13 strategic sectors into six integrated economic platforms, while strengthening linkages, which provides more diverse partnership and investment opportunities for the private sector, with a focus on enhancing financial returns to boost the fund’s contribution to the prosperity of the Kingdom’s economy.

The PIF will, through its strategy, maintain investment discipline and continuously evaluate the performance of its investments and projects, with the aim of strengthening portfolio balance and sustaining financial returns, while maximizing their long-term impact for future generations and generating positive spillovers on the economy.

Al Rumayyan said the PIF has, in less than a decade, launched unprecedented giga projects and major real estate developments, while making targeted investments in strategic sectors such as artificial intelligence, gaming, and renewable energy, the state-run Saudi Press Agency (SPA) reported.

He added that PIF will continue to support Saudi Vision 2030 objectives by delivering competitive domestic ecosystems, investing in national champions that have the potential to scale globally, and forming global economic partnerships, building on what has been achieved under PIF’s 2021-2025 strategy.

"The 2026-2030 strategy is a natural next step in PIF’s growth journey. It offers our partners more opportunities to invest in high-quality assets and ecosystems, alongside PIF. In the next five years, we will continue to build on our great achievements and strengthen our global leadership to deliver success for PIF and Saudi Arabia," Al-Rumayyan said.

The board of PIF, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved the fund’s 2026–2030 strategy, according to Argaam’s data.