The Public Investment Fund

Redefined Strategy and Mandate

The Public Investment Fund was originally established in 1971 to invest in commercial projects. In addition to making select investments in a range of companies and assets domestically and internationally, the Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom.

In March 2015, the Council of Ministers issued a decree to transfer oversight of the Public Investment Fund to the Council of Economic and Development Affairs (CEDA). As part of this process, a new Board was appointed, chaired by HRH the chairman of CEDA.

To help achieve Saudi Arabia’s vision of a sustainable, diversified economy, the Board of Directors has taken several steps to clearly define the Public Investment Fund’s vision, objectives and strategy in line with Saudi Vision 2030.

Most important among those steps are the efforts currently underway to implement a restructuring program. The program aims to better enable the Fund to build and manage its current and future portfolio through a regulated institutional structure aligned with the Public Investment Fund’s core objectives.


The Board of PIF comprises a team of highly qualified leaders who bring experience and expertise in economics, energy, law, finance and delivering major projects. Under the chairmanship and guidance of HRH Prince Mohammad bin Salman bin Abdulaziz al Saud, the Board is responsible for overseeing the long-term strategy, investment policy and performance of PIF.

Board Members

Mohammed Bin Salman Al Saud

His Royal Highness Mohammad bin Salman bin Abdulaziz Al-Saud

Crown Prince, Deputy Prime Minister

Chairman of the Council of Economic and Development Affairs

Chairman of the Public Investment Fund

Ibrahm Abdul Aziz Al Assaf

H.E. Ibrahim Abdulaziz Al-Assaf

Minister of State and member of the Saudi Council of Ministers

Adel Mohammed Fakeih

H.E. Mohammed Altwaijri

Minister of Economy and Planning

Mohammed Abdul Malek Al Shaikh

H.E. Mohammad Abdul Malek Al Shaikh

Minister of State and member of the

Saudi Council of Ministers

H.E. Khalid Abdulaziz Al-Falih

H.E. Khalid Abdulaziz Al-Falih

Minister of Energy, Industry and Mineral Resources

Mohammad Abdullah Al Jadaan

H.E. Mohammad Abdullah Al-Jadaan

Minister of Finance

Ahmed Aqeel Al Khateeb

H.E. Ahmed Aqeel Al-Khateeb

Chairman of the General Authority for Entertainment

Advisor to the General Secretariat of the Cabinet of Ministers

Yasir Othman Al-Rumayyan

H.E. Yasir Othman Al-Rumayyan

Managing Director of the Public Investment Fund

Advisor to the General Secretariat of the Cabinet of Ministers


The Public Investment Fund is seeking to become a leading global impactful investor in line with the objective of Vision 2030 and to drive the economic transformation of Saudi Arabia, through active long- term investments and maintaining high standards of governance and transparency.

The Public Investment Fund is developing a portfolio of high quality domestic and international investments, diversified across sectors, geographies and asset classes.

Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia.

At home, PIF is driving strategic and sustainable diversification in line with the objectives of Vision 2030, and is supporting key sectors by creating and investing in commercially viable opportunities, enabling growth in different industries for the private sector. The Fund remains committed to holding a strong and diversified portfolio of investments in the Kingdom, including listed and privately held companies. As part of this commitment the Fund is working to unlock value within the domestic portfolio and create globally-competitive national champions across multiple sectors.

Internationally, PIF is investing in a diversified portfolio across a range of asset classes. PIF has already invested in some of the world’s most innovative companies, forming partnerships that will ensure Saudi Arabia is at the forefront of emerging trends while supporting the Kingdom’s development consistent with the Vision 2030 blueprint.