PIF assets rise to $650 bln

Logo of Public Investment Fund

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $650 billion, compared to $607.42 billion a year earlier, recent data from SWF Institute showed.

The Kingdom’s sovereign wealth fund aims to double its assets to over SAR 4 trillion ($1.07 trillion) by 2025.

Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion by 2030 ($2.7 trillion).

Norway’s Government Pension Fund Global ranked first with $1.35 trillion assets, followed by China Investment Corp.

The aggregate assets of the world’s SWFs hit $10.47 trillion, up from $10.30 trillion a year earlier.

The following table shows the world’s top 10 sovereign wealth funds:

World’s Largest Sovereign Wealth Funds
Ranking	Fund	Country	Assets ($ bln) 2022-end	Assets ($ bln) 2022-end	Change
1	Government Pension Fund - global	Norway	1136.14	1350.87	214.72
2	China Investment Corp.	China	1350.86	1350.86	--
3	Abu Dhabi Investment Authority	UAE	790.00	790.00	--
4	Kuwait Investment Authority	Kuwait	750.00	750.00	--
5	GIC Private Limited	Singapore	690.00	690.00	--
6	Public Investment Fund	Saudi Arabia	607.42	650.00	42.58
7	Hong Kong Monetary Authority Investment Portfolio	China	588.90	514.22	(74.68)
8	Temasek Holdings	Singapore	496.59	496.59	--
9	Qatar Investment Authority	Qatar	461.00	475.00	14.00
10	National Council for Social Security Fund	China	447.36	473.80	26.44

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