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The Ministry of Finance announced that the Public Investment Fund (PIF) has achieved remarkable progress, with the total assets under its management reaching approximately 3.47 trillion riyals by the end of August 2024. This marks a substantial increase of 21% compared to its asset value at the close of the previous year.
The growth highlights the PIF’s success in expanding its portfolio and driving economic development through strategic investments across various sectors. This achievement reflects the fund’s ongoing commitment to strengthening Saudi Arabia’s financial standing and supporting its Vision 2030 objectives.
