RIYADH: Saudi Arabia’s Public Investment Fund (PIF) ranked as the world’s second most active sovereign investor by deal value in February, committing $3 billion in global transactions.
According to Global SWF, Canada’s CDPQ led with a $7 billion deal, while PIF completed three international deals through its portfolio companies, reinforcing its expanding global footprint.
Sovereign investors worldwide executed 22 deals worth $16.5 billion, with key players including South Korea’s NPS ($1.6 billion in real estate) and Canada’s BCI ($1.3 billion in infrastructure).
PIF, managing $925 billion in assets, has evolved into a major global investor under Crown Prince Mohammed bin Salman’s leadership, driving Saudi Arabia’s Vision 2030.
In early 2025, PIF expanded its global presence across entertainment, aviation, and finance. It issued a US dollar-denominated bond, sold Thiqah Business Services for $907 million, and acquired a 23% stake in Saudi Re to strengthen the Kingdom’s financial sector.
PIF’s strategic investments also include boosting stakes in Lucid Motors ($495 million), Amazon, and healthcare firms, while scaling back holdings in Uber, Walmart, and Marriott.
Its presence in gaming and sports continues to grow, with Savvy Games acquiring Niantic’s Pokémon Go division for $3.5 billion and ongoing talks over LIV Golf’s integration with the PGA Tour.
PIF’s dynamic investment strategy underscores Saudi Arabia’s ambition to solidify its position as a key global economic player.
[Reported by Arab News]
