Saudi PIF ranks 5th among world’s top SWFs with $620 bln assets

13/04/2022 Argaam
Logo ofPublic Investment Fund (PIF)

Logo of Public Investment Fund (PIF)


Saudi Arabia’s Public Investment Fund (PIF) advanced to the fifth position among the world’s largest sovereign wealth funds (SWFs), recent data from SWF Institute showed.

 

PIF’s assets increased by $40 billion to $620 billion, compared to $580 billion in February 2022, according to data compiled by Argaam.

 

The assets of Saudi Arabia’s sovereign wealth fund increased to $580 billion in February 2022, after Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco’s shares to PIF.

 

Norway’s Government Pension Fund Global topped the list with assets standing at $1.474 trillion.

 

The combined assets of the world's sovereign wealth funds hit $9.99 trillion, compared with $9.83 trillion in February 2022. 

 

World’s Largest Sovereign Wealth Funds

Ranking

Fund

Country

Asset ($ bln) in February

Assets ($ bln) in April

Change

1

Government Pension Fund - Global

Norway

1400.40

1473.13

72.73

2

China Investment Corporation

China

1222.31

1222.31

--

3

Kuwait Investment Authority

Kuwait

737.94

737.94

--

4

Abu Dhabi Investment Authority

UAE

697.86

697.86

--

5

Public Investment Fund

Saudi Arabia

580.00

620.00

40.00

6

Hong Kong Monetary Authority Investment Portfolio

China

585.73

588.90

3.17

7

GIC Private Limited

Singapore

578.00

578.00

--

8

Temasek Holdings

Singapore

484.44

484.44

--

9

Qatar Investment Authority

Qatar

450.00

450.00

--

10

National Council for Social Security Fund

China

447.36

447.36

--

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