Saudi Arabia’s PIF Assets Rise To $940 Billion Making It World’s Fifth Largest SWF
Автор: The Saudi Boom
Загружено: 2024-03-16
Просмотров: 2686
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Saudi Arabia’s Public Investment Fund has become the world’s 5th largest sovereign wealth fund with total assets now reaching a staggering $940.26 billion. The increase was achieved by an 8% additional stake in Aramco, boosting The PIF's assets by $163.6 billion and potentially positioning it to reach $1 trillion by 2025. The Aramco stake now constitutes 37% of PIF’s portfolio, and its dividends are expected to help fund ongoing Giga projects in the Kingdom, such as NEOM as well as fund acquisitions overseas.
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