PIF's AUMs rise to SAR 3.47T: Finance Ministry

30/09/2024 Argaam
Logo ofPublic Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

The Ministry of Finance stated that the Public Investment Fund (PIF) achieved several milestones by the end of August 2024, as its assets under management (AUMs) reached approximately SAR 3.47 trillion, a 21% increase compared to SAR 2.87 trillion a year earlier.

 

The ministry added that the number of international companies licensed to establish regional headquarters in Riyadh reached 517 by the end of the H1 2024, surpassing the 2030 target of 500 companies.

 

It attributed this growth to the Kingdom's efforts included in the National Investment Strategy, following the adoption of the updated investment law.

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