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Assets
Public Investment Fund (PIF; Arabic: صندوق الإستثمارات العامة) is Saudi Arabia's sovereign wealth fund. It is one of the largest sovereign wealth funds in the world with total assets.
History
2025: $55 billion Electronic Arts purchase
The American company Electronic Arts has entered into an agreement to sell to a consortium of investors for $55 billion. The group of buyers included Saudi Arabia's Sovereign Wealth Fund, Silver Lake Investment Company and Affinity Partners Fund. The latter belongs to billionaire Jared Kushner - the son-in-law of US President-elect Donald Trump. The company announced the deal on September 29, 2025. Read more here.
2024: $925 billion in assets
2023
Loss of $15.6 billion due to failed investment in IT
On August 6, 2023, the Saudi Arabia Sovereign Fund Public Investment Fund (PIF) reported total losses of $15.6 billion in 2022. The value of SoftBank Vision Fund investments has plummeted and other tech businesses have been hit by a market downturn and global macroeconomic challenges.
The fund was seriously affected by the fall in the cost of investments in technological structures. In particular, the loss of the Vision Fund of the Japanese SoftBank Group, also supported by Saudi Arabia and Abu Dhabi, in 2022 was a record $32 billion.
The total volume of assets under the management of the Saudi fund in 2022 reached $595.5 billion, compared with $527.8 billion in 2021. The organisation says the continued development of three subsidiaries in London, New York and Hong Kong will further boost the fund and PIF's "position as a preferred partner for global investors."
In 2022, PIF, led by Crown Prince Mohammed bin Salman, significantly increased its stake in Saudi companies in its investment portfolio to 32% from 24% a year earlier. At the same time, the fund reduced to 10% from 20% investment in international assets, which include the English football club Newcastle United and funds placed in Blackstone Group LP, which invests in infrastructure projects in the United States.
According to Interfax, PIF's activities are a key element of the Saudi government's strategy to diversify the oil industry. The Crown Prince uses the fund's funds to invest in areas ranging from tourism to the production of electrified vehicles and the construction of sports facilities in the kingdom. The fund said 17% of its assets are under external management and 83% are under internal control.[1]
Buying 10% stake in Brazilian miner Vale Base Metals
Saudi Arabia has struck its first major deal as part of an effort to invest its vast wealth in the global mining industry.
Sovereign Investment Fund Public Investment Fund (PIF) and mining company Saudi Arabian Mining Co. (Maaden) bought a 10% stake in Vale Base Metals Limited (VBM). It is a non-ferrous metal mining division of Brazilian mining corporation Vale.
US investment firm Engine No. 1 will acquire another 3% stake.
Investing $8 billion in gaming companies
In mid-June 2023, information appeared that Saudi Arabia was actively expanding into the gaming industry in order to become a "global center for e-sports" and had already spent more than $8 billion. We are talking about investments in the sovereign wealth fund of Saudi Arabia (PIF), thanks to which Saudi Arabia wants to become a "global center for e-sports," writes the Financial Times.
The two most high-profile deals in Saudi Arabia were the purchase of mobile game publisher Scopely for $4.9 billion and an investment in Embracer holding in the amount of $1 billion. In addition, PIF bought stakes in NCSOFT, Nexon and Capcom and increased stakes in Electronic Arts, Take-Two, Nintendo and a number of other companies.
AstroLabs, in collaboration with Impact46 and esports platform Playhera, has prepared a report on the prospects for the development of the Saudi Arabia gaming market in 2023, which presents an overview of the situation in the kingdom and the opinions of 130 local gamers and developers. More than 60% of Saudi gamers and developers have expressed confidence in supporting the country's government, with most believing public investment will accelerate growth in 2023. The report highlights the importance of generating income for industry members, with only 33% of professional gamers saying they earn income in some form from streaming content and tournament winnings. Similarly, 68% of game developers surveyed said they do not earn regular income from their work in the sector. However, 51% of respondents believe that there is a high demand for locally produced mobile games. This is evidenced by the growth and success of local developers such as UMX Studio and Savvy Games, which is wholly owned by the Kingdom's Public Investment Fund.
Earlier, Crown Prince Mohammed ibn Salman announced that Saudi Arabia intends to invest $37.8 billion in the gaming industry. Diversifying the country's economy through esports development is a strategic move by the Saudi government. This strategy will help the state strengthen its position on the world stage, create new jobs and stimulate economic growth. In addition, the development of e-sports in Saudi Arabia also contributes to the development of the technology sector and the attraction of young and talented specialists in this area.[2]
2022: Purchase of a stake in the manufacturer of Nintendo game consoles for $3 billion
In mid-May 2022, the Saudi Arabia Sovereign Wealth Fund (Public Investment Fund of Saudi Arabia) acquired a 5.01% stake in the manufacturer of game consoles. Nintendo According to the information The Wall Street Journal cost of the purchased share is $3 billion. More. here
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