Saudi Public Investment Fund maintains 6th among world’s top SWFs

Saudi Arabia’s Public Investment Fund (PIF) remained in sixth place among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $607.42 billion.

The Kingdom’s sovereign wealth fund will double its assets to over SAR four trillion ($1.066 trillion) by 2025. Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion by 2030 ($2.7 trillion), recent data from SWF Institute showed, according to Argaam.

China Investment Corporation took over first place with $1.350 trillion in assets. The fund’s assets rose $129 billion, compared to September.

Norway’s Government Pension Fund Global moved down one notch to second place with $1.136 trillion in assets. The fund’s assets decreased by $133 billion, compared to September.

The aggregate assets of the world’s SWFs hit $10.30 trillion, up from $10.12 trillion in September 2022.