PIF AUM climbs 19% to SAR 3.42T by end-2024

Logo of The Public Investment Fund (PIF)

Saudi Arabia’s Public Investment Fund (PIF) reported total assets under management (AUM) of SAR 3.42 trillion for 2024, including SAR 30 billion receivables from other parties, according to its 2024 annual report released today, Aug. 13.

 

AUM rose 19% from SAR 2.87 trillion in 2023, the report said.

 

The PIF posted a total shareholders’ return of 7.2% from the launch of its Vision Realization Program on Sept. 30, 2017, through the end of 2024.

 

The portfolio comprises SAR 591 billion in international investments, SAR 2.72 trillion in domestic holdings, and SAR 81 billion in treasury assets.

 

The PIF’s investments in Saudi companies rose by 59% YoY to SAR 1.23 trillion in 2024.

 

The PIF’s investments were distributed across a wide range of industries in 2024:

 

PIF Investments by Sector

Sector

Percentage

Energy

32.3%

Real Estate

13.8%

IT

8.7%

Communications

8.6%

Finance

6.0%

Utilities

5.9%

Materials

4.5%

Industries

3.3%

Discretionary

2.9%

Consumer Staples

1.1%

Healthcare

0.3%

Unclassified**

12.7%
*Total shareholders’ equity since launch of the 2030 Vision realization program on Sept. 30, 2017 until the end of 2024 (annual basis)

**Represents unclassified funds/investments with multi-assets, cash, time deposits, monetary funds.

 

PIF’s Gross AUM

Portfolio

AUM

SAR bln

Assets Distribution

2023

Assets Distribution

2024

Strategic global investment portfolio

277

9%

8%

Global diversified investment portfolio

184

5%

5%

Global public markets investment program

130

7%

4%

Investment Portfolio in Saudi Companies

1,236

27%

36%

Investment portfolio aimed at developing and growing promising sectors

1,036

33%

30%

Saudi real estate and infrastructure development projects investment portfolio

239

8%

7%

Saudi mega-projects portfolio

211

8%

6%

Treasury portfolio (non-investment portfolio)

81

3%

2%
 

According to the report, PIF's investments in Saudi companies rose by 59% to SAR 1.23 trillion in 2024, compared to 2023.

 

 

Development of PIF’s Gross AUM (SAR bln)

AUM

2021

2022*

2023 **

2024***

Strategic global investment portfolio

390

234

249

277

Global diversified investment portfolio

66

109

146

184

Global public markets investment program

121

169

190

130

Investment Portfolio in Saudi Companies

483

718

777

1236

Investment portfolio aimed at developing and growing promising sectors

318

470

943

1036

Saudi real estate and infrastructure development projects investment portfolio

170

204

233

239
*Total asset value includes SAR 5 billion in assets redeemed from other entities.

**Total asset value includes SAR 20 billion in assets redeemed from other entities.

***Total asset value includes SAR 30 billion in assets redeemed from other entities.

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