PIF doubles profits to over 65 billion riyals in 2025

The Public Investment Fund's (PIF) 2025 annual report revealed strong growth in profits and returns, with the fund maintaining a diversified investment portfolio and strengthening its position as a long-term investor leading Saudi Arabia's economic transformation.

PIF's revenues in 2025 rose by 9% year-on-year to reach 450 billion riyals (SAR), while net profit more than doubled to exceed 65 billion riyals, supported by increased contributions from mature companies in its portfolio. Managed assets reached approximately 3.4 trillion riyals, and the fund delivered a total annual shareholder return of 5.8% since 2017.

Dividend distributions from portfolio companies and strong financial investment returns boosted shareholder gains in 2025, despite some assets being affected by market volatility. The fund continued to inject long-term investments domestically to support economic transformation.

Diversified funding sources and credit ratings

The report noted that PIF enhanced its funding flexibility by issuing its first euro-denominated green bonds and establishing a commercial paper program. The fund maintained high credit ratings with a stable outlook from Moody's (Aa3), Fitch (A+), and S&P (A-1).

New company launches and expanded global presence

In 2025, PIF launched leading companies such as "Humane," specializing in artificial intelligence, and "Expo 2030 Riyadh," tasked with building and operating facilities for the global event. The fund also opened offices for its subsidiaries in Paris, Beijing, and Shanghai, in addition to its presence in London, New York, and Hong Kong, further strengthening its international footprint and growing overseas investments by 12%.

Domestic investment and strategic partnerships

PIF invested around 750 billion riyals locally between 2021 and 2025, contributing 11% to Saudi Arabia's non-oil GDP in 2025. Its cumulative contribution since 2021 reached about 1.286 trillion riyals. The fund signed agreements with global institutions such as Goldman Sachs, Macquarie, and the Italian export credit agency SACE.

Digital transformation and institutional development

PIF continued to advance its digital infrastructure, launching 100 new digital applications and implementing 43 artificial intelligence solutions, while enhancing its digital and cybersecurity frameworks. The fund topped Brand Finance's ranking for the most valuable and fastest-growing sovereign wealth fund brands.

Future strategy

PIF concluded its five-year strategic phase (2021-2025) and is moving into the next phase (2026-2030), focusing on developing six integrated domestic economic ecosystems and maximizing long-term returns. The fund will continue investing in strategic sectors locally and globally, including artificial intelligence, energy, advanced manufacturing, sports, and entertainment.