RIYADH: Saudi Arabia’s Public Investment Fund has climbed to fifth place among the world’s largest sovereign wealth funds, with assets under management reaching $1.15 trillion.
According to the latest rankings from the Sovereign Wealth Fund Institute, the PIF demonstrated a strong domestic investment orientation, with 80 percent of its assets allocated within the Kingdom and 55 percent of its portfolio invested in alternative assets.
This domestic and alternative-heavy allocation contrasts with global trends, as several top-ranked funds, such as Norges Bank Investment Management, maintain zero domestic exposure and lower allocations to alternative investments.
The PIF recorded an increase of $226 billion in assets by December, up from $925 billion at the end of December 2024, according to a report by Argaam.
Topping the global rankings is the Government Pension Fund of Norway, managed by Norges Bank Investment Management, with $2.04 trillion in assets.
