The annual report of the Public Investment Fund for the year 2021 showed that the volume of assets under management reached 1.980 billion riyals by the end of 2021.
According to the report, the fund achieved a total return on its investment portfolios of 25% in 2021.
The fund’s total employees amounted to 1,457 male and female employees, of whom Saudis represent
86%
The jobs created in the same year amounted to 77,700 direct and indirect jobs, while 45 companies were established.
Yasser Al-Rumayyan, Governor of the Public Investment Fund, said in his speech that the fund succeeded in increasing its assets under management by more than 20% to reach about 1.980 billion riyals, which is the highest annual growth rate recorded by the fund since the launch of its first program, thus becoming one of the largest sovereign wealth funds in the world. In terms of the amount of assets under management.
He added, “The Fund continued to consolidate its footprint inside the Kingdom and in global markets, as it offered several of its portfolio companies for public subscription, established new strategic partnerships, established 12 new companies within strategic sectors, and provided more than 77,000 new job opportunities at the level of portfolio companies.”
On the new program to enhance the impact of the fund, the governor indicated that the fund aims during this stage, which is witnessing exceptional efforts to achieve the goals of the Kingdom’s Vision 2030, to increase the volume of assets under management to about four trillion riyals by the end of 2025 and gradually enhance its contribution to the Kingdom’s non-oil GDP. Stimulating the growth of strategic sectors and local content.
The Public Investment Fund achieves returns of 25% of its investment portfolio in 2021
