PIF launches 3 ETFs across 8 markets in two years

Speaking at the opening of the PIF Asset Management Forum, Alhumied said the fund allocated nearly SAR 3 billion last year to emerging asset managers, who have since delivered strong performance.

He explained that the PIF’s efforts focus on four main priorities: fostering innovation in investment products, developing the capabilities of emerging asset managers, attracting major global firms, and building national talent and expertise.

Alhumied also noted that Saudi Arabia attracted SAR 75 billion in foreign direct investment through the BlackRock Middle East Infrastructure Fund, with capital deployed in key projects including Aramco’s gas pipeline.

According to the official, assets under management (AUM) in Saudi Arabia have exceeded SAR 1.1 trillion, while the fund paid about SAR 700 million in fees to registered asset managers in 2024. He noted that the Saudi Exchange is expanding rapidly, with over 200 listed companies, and that the PIF takes pride in supporting the sector’s growth and maturity.

According to the official, assets under management (AUM) in Saudi Arabia have exceeded SAR 1.1 trillion, while the fund paid about SAR 700 million in fees to registered asset managers in 2024. The Saudi Exchange is expanding rapidly, with over 200 listed companies, and the PIF is proud of its role in supporting the sector’s growth and maturity.

Alhumied further highlighted that the fund is continuously working to develop innovative investment products and solutions across different asset classes and global markets to broaden investor options. He noted that the fund’s ETF strategy aims to attract more foreign investment and provide diversified opportunities for institutional investors.

Moreover, PIF’s Asset Managers Portal has registered over 100 asset managers, with 40 of them working actively with the fund. Additionally, 12 global asset management firms have now launched operations in Saudi Arabia, employing top international talent to help develop local expertise and capabilities, according to the official.