Public Investment Fund

Sovereign wealth fund owned by Saudi Arabia

The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$941 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015, as its chairman.

Also known as...PIF and Public Investment Fund of Saudi Arabia
Sport Business Middle East
LIV Golf financing crisis

LIV Golf financing crisis LIV Golf faces a potential collapse as Saudi backers reportedly consider ending their $6 billion investment in the tour.