Saudi Gazette report
RIYADH — The Public Funding Fund (PIF) has reported a robust efficiency for 2024, with belongings beneath administration (AuM) rising 19% to $913 billion and complete income growing by 25%, in response to its newly printed annual report.
The outcomes spotlight PIF’s increasing function in driving Saudi Arabia’s financial transformation and shaping world markets. Since 2021, cumulative investments in precedence sectors have exceeded $171 billion, with $56.8 billion deployed in 2024 alone.
The fund’s common complete portfolio return has reached 7.2% yearly since 2017, and its money place stays broadly unchanged, reflecting sturdy liquidity.
PIF’s contribution to the Kingdom’s non-oil GDP between 2021 and 2024 totaled $243 billion, representing 10% of the nationwide non-oil economic system.
The fund has established 103 firms thus far, bringing its complete portfolio to 225 firms by the top of 2024, whereas advancing strategic sectors, localization, and innovation.
Key milestones in 2024 included partnerships in sports activities, expertise, vitality, and leisure — akin to launching Alat, a expertise agency targeted on semiconductors and good gadgets; creating the Neo House Group to champion the satellite tv for pc and house sector; and getting into multi-year agreements with ATP and WTA to spice up world tennis. PIF additionally acquired a 15% stake in Heathrow Airport and launched Adeera, a Saudi hospitality model.
Internationally, PIF continued to broaden its world funding footprint, elevating $16.83 billion in private and non-private debt whereas incomes credit standing upgrades from Moody’s and Fitch. Governance efficiency additionally reached a milestone, with PIF scoring 96% in World SWF’s 2024 GSR Scoreboard and tying for first place globally in 2025 with a rating of 100%.
PIF additionally recorded robust model development, with Model Finance naming it the world’s most useful and fastest-growing sovereign wealth fund model in 2024.