Sabic Basic Industries News Today

The Saudi Public Investment Fund (PIF) topped sovereign funds globally during 2023, with investments amounting to $31.6 billion, distributed over 49 deals, equivalent to a 33 percent increase over 2022, revealed a report by Global SWF on Monday. According to the report, Saudi Arabia’s PIF accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year.

The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Global SWF

​The declines were led by GIC, which cut the amount of capital deployed by 46% to $19.9 billion and lost its spot as the worlds most active sovereign wealth fund for the first time in six years