Saudi Arabia's Public Investment Fund (PIF) on Sunday released its annual report for 2022, stating that its assets under management surpassed 2.23 trillion riyals ($594.43 billion).
The Saudi sovereign wealth fund generated a total shareholder return of 8% and established 25 companies in 2022, creating 181,000 jobs.
The PIF said 23% of its assets were international investments, while 68% were domestic investments and the remainder were treasury assets.
The fund stated that 17% of its assets were externally managed, while 83% were internally managed.
The PIF is a key engine of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the economy of the world's top oil exporter. It aims to increase its assets under management to over $1 trillion by 2025.
