Saudi Arabia’s Public Investment Fund reported another year of strong financial growth during 2025. PIF assets reached SR4.54 trillion, equivalent to about $1.21 trillion, highlighting the fund’s expanding role in the Kingdom’s economic transformation. The latest results also reflected higher revenues, stronger profitability, and continued investment across several strategic sectors.
The sovereign wealth fund increased its total assets by 5.09 percent compared with the previous year. Furthermore, the fund strengthened its financial position while expanding investments both inside Saudi Arabia and internationally.
Gross revenue climbed to SR449.93 billion during 2025. That figure represented a 9 percent increase from the previous year. Consequently, the higher revenue supported stronger earnings and additional investment opportunities.
Net profit reached SR65.1 billion during the year. In comparison, the fund earned SR25.8 billion in 2024. Therefore, annual profit more than doubled as investment returns improved across multiple sectors.
Operating profit also recorded strong growth. The figure increased to SR77.9 billion from SR34.6 billion a year earlier. As a result, the fund entered 2026 with greater financial strength and expanded investment capacity.
Liquidity remained at a healthy level throughout the year. Cash and cash equivalents exceeded SR350 billion. This financial flexibility allows the fund to continue supporting long-term investment projects.
The Public Investment Fund remains a major driver of Saudi Arabia’s economic diversification strategy. It continues directing capital toward industries that reduce dependence on oil revenues. At the same time, it supports job creation, innovation, and sustainable economic growth.
During 2025, the fund accelerated investments in artificial intelligence and advanced technology. It launched Humain, a new company focused on building capabilities across the artificial intelligence value chain. The business will invest in digital infrastructure, cloud services, data centers, advanced models, and AI-powered applications.
Additionally, the fund expanded cooperation with Saudi Aramco through an agreement involving a significant minority stake in Humain. However, the Public Investment Fund will retain majority ownership while both organizations work together to strengthen artificial intelligence capabilities.
The fund also strengthened relationships with leading international asset managers. New agreements support investment strategies targeting Saudi Arabia and the wider Gulf region. These partnerships aim to attract international capital while expanding the country’s asset management industry.
Meanwhile, tourism remained another important priority. The fund established Expo 2030 Riyadh Company to oversee construction and future operations for the international exhibition. The project will create business opportunities while supporting tourism growth and long-term economic development.
Furthermore, the fund broadened its financing strategy during 2025. It successfully issued its first euro-denominated green bond worth €1.65 billion. Investor demand exceeded the offering by more than six times, demonstrating strong market confidence.
The organization also introduced its first commercial paper program. This initiative added another short-term funding source alongside existing bonds, sukuk, and loan facilities.
Moreover, the fund continued supporting private sector participation through its third Private Sector Forum. The event connected government agencies, portfolio companies, and business leaders to promote investment opportunities across emerging industries and major development projects.
Overall, PIF assets continued expanding alongside stronger profits and rising revenues during 2025. The latest financial performance highlights the fund’s growing influence in Saudi Arabia’s economic transformation. Looking ahead, PIF assets will remain central to financing strategic industries, attracting global investment, and supporting the Kingdom’s long-term development goals.
