– Saudi Arabia’s Public Investment Fund (PIF) has experienced a significant surge in total assets, increasing by $163.6 billion to reach $940.26 billion, according to the Sovereign Wealth Fund Institute’s latest update.

– This growth is attributed to Saudi Arabia’s transfer of an 8% stake in Aramco to PIF’s portfolio companies, leading the fund to rise one rank and become the fifth-largest sovereign wealth fund globally.

– PIF’s stake in Aramco, estimated at $163.6 billion based on market capitalization, includes a direct 4% ownership transferred in 2022 and an additional 4% indirectly held through its wholly-owned unit, Sanabil Investments, transferred last year.

The increase in PIF’s assets is credited to Saudi Arabia’s transfer of an 8% stake in the oil giant Aramco to the fund’s portfolio companies.

Saudi Arabia’s Public Investment Fund (PIF) has seen a remarkable increase in its total assets, surging by $163.6 billion to reach $940.26 billion, as reported by the Sovereign Wealth Fund Institute’s latest update.

This growth in PIF’s assets can be attributed to Saudi Arabia’s transfer of an 8% stake in the oil giant Aramco to the fund’s portfolio companies. Consequently, the fund has ascended one rank to become the fifth-largest globally.

The value of this stake was estimated at $163.6 billion based on Aramco’s market capitalization, as indicated by data from LSEG.

PIF holds a direct 4% stake in Aramco, transferred in 2022, and an additional 4% indirectly through its wholly-owned unit, Sanabil Investments, transferred last year.

The top four sovereign wealth funds (SWFs) globally are the Norway Government Pension Fund Global ($1.65 trillion), China Investment Corporation ($1.35 trillion), SAFE Investment Company ($1.09 trillion), and Abu Dhabi Investment Authority ($993 billion).

Following the recent transfer, the state now holds 82.186% of Aramco.