PIF's AUMs leap 29% to SAR 2.87T, returns at 8.7%

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) stated that its assets under management (AUMs) leapt 29% to SAR 2.87 trillion in 2023, from SAR 2.23 trillion a year earlier, with redeemed amounts from other entities totaling SAR 20 billion, according to the fund's 2023 report.

The fund's investments were diversified, with international and domestic investments comprising 20% (SAR 586 billion) and 76% (SAR 2.19 trillion) of its total assets, respectively.

Total shareholders return since the launch of the Vision Realization Program (VRP) –2021-2025 in September 2017 until the end of 2023 reached 8.7% (on an annual basis).

The sovereign wealth fund added 730,250 direct and indirect jobs in 2023 and established 23 companies.

Saudi sector development represented 33% of the fund’s assets, while Saudi equity holdings made up 27% of the total.

PIF’s Gross AUMs
Portfolio	AUMs (SAR bln)	Asset Distribution 2022	Asset Distribution 2023
International strategic investments	249	10%	9%
International diversified pool	146	5%*	5%
International capital markets program	190	8%	7%
Saudi equity holdings	777	32%	27%
Saudi sector development	943	21%	33%
Saudi real estate & infrastructure development	233	9%	8%
Saudi giga-projects	241	5%	8%
Treasury (non-investment portfolio)	72	9%	3%

*Updated data

The following table illustrates the development of AUMs since 2021:

Development of AUMs (SAR bln)
Portfolio	2021	2022	2023
International strategic investments	390	234	249
International diversified pool	66	109	146
International capital markets program	121	169	190
Saudi equity holdings	483	718	777
Saudi sector development	318	470	943
Saudi real estate & infrastructure development	170	204	233
Saudi giga-projects	35	121	241
Treasury (non-investment portfolio)	397	204	71
Total	1980	2234	2871

The fund's investments were distributed across a wide range of industries in 2023, based on global sector standards, as follows:

PIF Investments by Sector
Sector	Percentage
Energy	23.1%
Real Estate	17.0%
IT	9.4%
Financials	7.3%
Communication Services	6.9%
Utilities	5.5%
Materials	4.6%
Industrials	3.1%
Consumer Discretionary	2.5%
Consumer Staples	1.2%
Healthcare	0.4%
Unclassified**	18.9%

*Total shareholders return since the start of the VRP on Sept. 30, 2017, until 2023-end (on an annual basis).

**Represents multisector funds/mandates; call accounts; cash; term deposits; and money markets.

PIF disclosed its annual consolidated financial statements, which included its assets and subsidiaries, in line with the best practices of wealth funds and other investment entities.

The fund continues to pump more local investments, launch strategic sectors, form international partnerships, and achieve its 2021-2025 program’s goals.

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Popular Links

Quick Links

About Us

Join Us

Follow Us