Can you invest in Public Investment Fund of Saudi Arabia?
Can you invest in Public Investment Fund of Saudi Arabia?
Founded 17 August 1971
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AUM $500 billion
Website www.pif.gov.sa
What is the purpose of PIF?
PIF's main objective is to promote sustainable economic growth and private sector development in Palestine.
Does Saudi Arabia have a sovereign wealth fund?
The Public Investment Fund (PIF; Arabic: صندوق الإستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of at least $500 billion.
What is the public investment?
public investment, investment by the state in particular assets, whether through central or local governments or through publicly owned industries or corporations. Public investment tends to be measured quantitatively, on an annual basis, as a percentage of total national income in a given period.
What is Saudi Arabia's Public Investment Fund?
The Public Investment Fund (PIF) of Saudi Arabia was established in 1971 and is that nation's sovereign wealth fund. It provides financing for productive commercial projects that are strategically significant to the development of the Saudi Arabian economy.
Can you invest in sovereign wealth funds?
Sovereign wealth funds are traditionally passive, long-term investors. Few sovereign wealth funds reveal their full portfolios, but sovereign wealth funds invest in a wide range of asset classes including: Foreign direct investment.
Who runs PIF?
Founded 17 August 1971
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Website www.pif.gov.sa
What else do PIF own?
PIF owns Qiddiyah, spearheads the Red Sea project for luxury beach resorts, and owns the closed joint-stock company named NEOM. PIF owns a 5.7% stake (valued at $500 million) in concert distributor Live Nation. In 2020, PIF purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup.