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. Total revenue for the period rose 9 per cent year-on-year to $120 billion. The PIF retained more than $900…
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- Saudi wealth fund PIF’s profit doubles on higher revenue thenationalnews.com
