Launch Partners

Launch Partners

PIF returns to profit, Reuters reports

SAUDI ARABIA: Public Investment Fund (PIF) charted a profit of SAR138.1 billion (US$36.81 billion) in 2023, a turnaround after posting a loss of SAR58.55 billion (US$15.6 billion) a year earlier, Reuters reported. Revenue for Saudi Arabia’s sovereign wealth fund more than doubled to SAR331.5 billion (US$88.3 billion) last year from SAR165.17 billion  (US$44 billion) in 2022, according to a regulatory filing.

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