Sovereign Funds
Public Investment Fund
Saudi Arabia · 1971 · Chaired by the Crown Prince; governed by the PIF Board
Saudi Arabia's sovereign wealth fund and a central actor in its economic transformation, owning stakes in Aramco, stc, ACWA Power and the national AI company HUMAIN, among many others. It describes itself as one of the world's most impactful investors.
Mandate: Saudi Arabia's sovereign wealth fund and the main investment vehicle for Vision 2030, holding stakes in national champions and developing giga-projects at home while investing internationally.
Verified · updated 25 Oct 2026
Key facts
over $900 bn
Assets under management
Public Investment Fund·end-2025 (as printed in USD)·source dated 17 Aug 2026·updated 25 Oct 2026·About this indicator
Ownership and relationships
- parent of (global investment arm)Sanabil InvestmentsPublic Investment Fund — portfolio page, Saudi Arabian Investment Company (Sanabil Investments) · read on 23 Oct 2026 ↗
- sole owner ofRiyadh Air· 100%
Public Investment Fund — press release: HRH Crown Prince announces Riyadh Air (12 Mar 2023) ↗·as of 12 Mar 2023·source dated 12 Mar 2023·updated 23 Oct 2026
- sole owner ofROSHN Group· 100%
Public Investment Fund — portfolio page, ROSHN Group ↗·read on 23 Oct 2026·read on 23 Oct 2026·updated 28 Oct 2026
- parent ofNew Murabba Development CompanyPublic Investment Fund — portfolio page, New Murabba · read on 23 Oct 2026 ↗
- lists in its portfolioSaudi Arabian Military Industries (SAMI)Public Investment Fund — portfolio page, Saudi Arabian Military Industries · read on 23 Oct 2026 ↗
- lists in its portfolioSaudi Arabia Railways (SAR)Public Investment Fund — portfolio page, Saudi Railway Company (SAR) · read on 23 Oct 2026 ↗
- sole owner ofNational Water Company· 100%
National Water Company — presentation at Water Meets Money (Feb 2026; figures to March 2026) ↗·read on 23 Oct 2026·read on 23 Oct 2026·updated 28 Oct 2026
- lists among its giga-projectsNEOMPublic Investment Fund — giga-projects page, NEOM (English and Arabic) · read on 23 Oct 2026 ↗
- lists among its giga-projectsRed Sea GlobalPublic Investment Fund — giga-projects page, Red Sea Global · read on 23 Oct 2026 ↗
- lists in its portfolioDiriyah CompanyPublic Investment Fund — portfolio page, Diriyah Company · read on 23 Oct 2026 ↗
- sole owner ofQiddiya Investment Company· 100%
Public Investment Fund — portfolio page, Qiddiya Investment Company ↗·read on 24 Oct 2026·read on 24 Oct 2026·updated 28 Oct 2026
- significant shareholder inSaudi AramcoPublic Investment Fund · as of 7 Mar 2024 ↗
- majority shareholder ofstc groupPublic Investment Fund · as of 12 Sep 2026 ↗
- largest shareholder ofACWA PowerPublic Investment Fund · as of 12 Sep 2026 ↗
- majority shareholder ofHUMAINSaudi Press Agency · as of 1 Nov 2026 ↗
- shareholder ofAlinma Bank· 10%
Alinma Bank — FY2025 annual results announcement and Annual Report 2025 ↗·as of 31 Dec 2025·read on 19 Oct 2026·updated 19 Oct 2026
Key people
- Yasir Al-Rumayyan · Governor, PIF; Chairman, Saudi Aramco; Chairman, Ma'aden
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Sources
- Public Investment Fund · pif.gov.sa