Public Investment Fund
Saudi Arabia's sovereign wealth fund
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The Public Investment Fund is Saudi Arabia's sovereign wealth fund, created by royal decree in 1971 to invest on behalf of the Saudi government. It is chaired by Crown Prince Mohammed bin Salman and based in Riyadh.Sources:1Wikipedia: Public Investment Fund, Wikipedia (source, opens in a new tab)
It is the ultimate controlling party of the Saudi National Bank, whose asset-management arm runs the funds that hold controlling stakes in the Saudi Research and Media Group, publisher of Arab News and Asharq Al-Awsat.Sources:2State Media Monitor: Saudi Research and Media Group (SRMG), State Media Monitor (source, opens in a new tab)
Connections
- Government of Saudi ArabiaState investment fund investing on behalf of the government; chaired by the Crown Prince
- RiyadhHeadquartered in
- Saudi Research and Media GroupControlling stakes held through funds managed by SNB Capital, whose ultimate controlling party is the PIF (State Media Monitor)
- Arab NewsOwner of Arab News: Ultimate controlling party of SNB Capital, whose funds hold SRMG's controlling stakes (State Media Monitor)
- Asharq Al-AwsatOwner of Asharq Al-Awsat: Ultimate controlling party of SNB Capital, whose funds hold SRMG's controlling stakes (State Media Monitor)
Sources
- 1
- 2