Recycling PIF funds contributes to developing capital market, luring new investors: Al-Rumayyan

13/12/2021 Argaam

Yasir Al-Rumayyan, Governor of the PIF

Recycling the Public Investment Fund's (PIF) capital through undertaking fresh investments that boost the fund's long-term investment strategy contributes to developing the capital market and attracting new investors, says Yasir Al-Rumayyan, Governor of the PIF.

 

In his speech at Saudi Budget 2022 Forum, Al-Rumayyan said the fund is working to develop a large number of companies and diversified sectors in the Kingdom.

 

PIF seeks to increase the investment opportunities for the local content, as the management is currently working to raise the fund and its subsidiaries' contribution to the local content to 60% by 2025, the governor added.

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