PIF gets ready to make its debut on the sovereign wealth fund stage | Arab News:
"In New York last month, Yasir Othman Al-Rumayyan, CEO of the Saudi Arabian Public Investment Fund (PIF), was asked how its mission has changed from the original mandate when it was set up in 1971. “Now, we’re looking at things differently. It has to make commercial sense, in addition to the developmental aspect. But it has to be efficient, because if it’s not efficient, it’s not going to work out,” he responded. That, in a nutshell, is the new face PIF is showing to the world, and which will be on prominent display in Riyadh next week when it hosts the Future Investment Initiative in front of $22 trillion worth of executives, financiers and policymakers."
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