Title: Public Investment Fund - Wikipedia
Headings: Public Investment Fund
Public Investment Fund
Contents
Role
History
PIF post-CEDA
Investment projects
First Commercial Helicopter Company
See also
References
External links

Content: It was founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. Thus, PIF is working on managing assets worth $400 billion by 2020. The PIF has a portfolio made up of approximately 200 investments, of which around 20 are listed on Tadawul, the Saudi Stock Exchange. Contents
1 Role
2 History
2.1 PIF post-CEDA
3 Investment projects
4 First Commercial Helicopter Company
5 See also
6 References
7 External links
Role
Yasir bin Othman Al-Rumayyan in 2016
The Public Investment Fund invests in specific projects through equity, loans or guarantees, and allocations of public funds. The PIF also provides medium and long-term loans to the large-scale government and private industrial projects. The PIF invests in the fields of telecoms, aerospace, energy, green technologies, and security, seeking a focus on housing finance, renewable energy, and information technology. History
The Saudi Arabian Public Investment Fund (PIF) was established in 1971 by Royal Decree M/24 to provide financing support for projects of strategic significance to the national economy. Since its inception, the PIF has been the Kingdom's main investment arm, and has played an important role in the financing of vital projects in the Kingdom, including in the oil refining, fertilizer, petrochemical and electricity sectors. In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval.