Public Investment Fund

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Public Investment Fund
Native name	صندوق الإستثمارات العامة
Founded	17 August 1971
Founder	Faisal bin Abdulaziz
Key people	Mohammed bin Salman Yasir Al-Rumayyan (governor)
AUM	US$776 billion (£538 billion)

The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$776 billion (£538 billion).^[source?] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia.^[source?] The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.^[source?]

References

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