Saudi PIF eyes opportunities with focus on medium, long-term investments: governor

Yasir Al Rumayyan, Governor of PIF

The Public Investment Fund (PIF) continues to pursue lucrative opportunities, with a special focus on medium and long-term investments, governor Yasir Al-Rumayyan said during the 2021 Budget Forum.

“The sovereign wealth fund has seized several opportunities, including investments in US, European and Asian companies, as well as traded funds operating in pharmaceuticals, infrastructure, industries and technology and those tracing indices, Al-Rumayyan said in response to a question by Argaam. 

PIF exited some investments after generating profits, but retained other investments, he noted. 

The sovereign wealth fund has 1,000 employees, many of whom are mainly designated for monitoring markets and companies, as well as communicating with analysts worldwide to determine the best ways to seize opportunities. This is in addition to the fund's main operations locally and globally, through four local and two international investment pools, said the top official.