Thursday, 25 April 2024

#Saudi fund PIF's managed assets hit $749 bln in 2023, says SPA | Reuters

Saudi fund PIF's managed assets hit $749 bln in 2023, says SPA | Reuters

Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA reported on Thursday.

The kingdom's non-oil government revenue reached 457 billion riyals last year and non-oil activities accounted for 50% of real gross domestic product (GDP), SPA added.

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