About the company
The Public Investment Fund was originally established in 1971 to invest in commercial projects. Additionally, it makes selected investments in a range of companies and assets both domestically and internationally. The Fund has contributed to the establishment of many Saudi companies, supporting innovation, diversification, and the development of the non-oil sector in the Kingdom of Saudi Arabia.
In March 2015, the Council of Ministers issued a decision to transfer the supervision of the Public Investment Fund to the Council of Economic and Development Affairs. A new board of directors was appointed, chaired by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Chairman of the Council of Economic and Development Affairs.
The Fund works towards achieving the goals of the Kingdom's Vision 2030 and has adopted a deliberate mechanism that contributes to launching new and promising sectors, creating direct and indirect job opportunities, and establishing and founding companies. The Public Investment Fund holds leading investment portfolios, focusing on investing in promising opportunities locally and globally, as one of the largest sovereign wealth funds in the world.
