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Saudi wealth fund PIF’s profit doubles on higher revenue

The Saudi Arabia Public Investment Fund’s profit more than doubled last year, as revenue rose on the back of strong contributions from maturing portfolio companies. Profit for the 12-month period ending December 30 climbed to $17 billion, the kingdom’s sovereign wealth fund said on Monday.

Saudi wealth fund PIF’s profit doubles on higher revenue

The Saudi Arabia Public Investment Fund’s profit more than doubled last year, as revenue rose on the back of strong contributions from maturing portfolio companies. Profit for the 12-month period ending December 30 climbed to $17 billion, the kingdom’s sovereign wealth fund said on Monday.

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