Saudi Fund outpaces GIC with $31.6-billion splurge

PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the $20.7 billion it invested the previous year, an increase that contrasts with a wider trend – globally state-owned investors deployed $124.7 billion, about a fifth less than the prior year.

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