Saudi Arabia’s PIF aims to bring international investments down to 18-20% – governor

Author Logo | Tue, 29 Oct 2024 07:24:37 GMT

RIYADH, Oct 29 (Reuters) – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), aims to bring down the share of its international investments to a range of 18-20% from the previous 30%, its governor said on Tuesday.

“So initially we had less than 2% of international investments…But then it increased from 2% all the way up to 30%. Now our target is to bring it down to a range between 18 to 20%,” Governor Yasir Al-Rumayyan said speaking at the Future Investment Initiative (FII) conference in Riyadh. (Reporting by Hadeel Al Sayegh, writing by Federico Maccioni, editing by Maha El Dahan)

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