PIF investment returns rise to 8%, says Al-Rumayyan

PIF Governor Yasir Al-Rumayyan

The Public Investment Fund (PIF) currently reports returns of 7-8%, compared to 2-3% before 2016, according to Governor Yasir Al-Rumayyan.

“These returns are forecast to steadily continue growth over the coming years,” he told Bloomberg Asharq.

When global markets went down by 27-35% due to the COVID-19 outbreak, the sovereign wealth fund perfectly seized the investment opportunity, Al-Rumayyan noted.

PIF assets grew from less than $150 billion to approximately $350 billion (nearly SAR1.3 trillion) currently.

Al-Rumayyan also confirmed that PIF will continue to pursue investments, while capitalizing them in line with its programs and Vision 2030.