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- Public Investment Fund
Public Investment Fund
Company Web-site www.mof.gov.sa/en/docs/ests/sub_invbox.htm
Country Saudi Arabia
Assets $Billion $5.3
Inception 2008
Origin Oil
Approx wealth per citizen $192
Company Description
The Public Investment Fund (PIF) was established by Royal Decree No.(M/24), dated 25-6-1391H. The motive behind the establishment of PIF was to provide financing for certain productive projects that are of a commercial nature and are having a significant importance in developing the national economy, which the private sector lacks as the ability to under take alone, either because of insufficient experience or inadequate capital or both.
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