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Saudi Arabia's Sovereign Wealth Fund Assets Reached $925 Billion
(MENAFN- AzerNews)
By Alimat Aliyeva
The total assets of the Saudi Arabian sovereign Wealth Fund Public Investment Fund (MRIF) reached $925 billion in July 2024, Azernews reports.
According to the report, last year the value of PIF assets increased by 29% compared to 2022 - to $765 billion. The volume of international investments by the end of 2023 amounted to $156 billion, which is 14% more than in the previous year. The average total return of the fund's shareholders is fixed at 8.7% per year.
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