Saudi PIF Ranks 8th Among World’s Top SWFs With $390bn Assets

Saudi Arabia’s Public Investment Fund (PIF) maintained its 8th position among the world’s largest sovereign wealth funds (SWFs) for September 2020, recent data from SWF Institute showed.

The Kingdom’s sovereign wealth fund assets increased by $30bn to $390bn; hovering near a targeted level of $400bn by the end of 2020.

Elsewhere, Norway’s Government Pension Fund Global maintained its top position in the list; with assets standing at $1.108tn, declining by nearly $78bn.

China Investment Corporation (CIC) came in second with $940.6bn worth of assets.

Followed by Abu Dhabi Investment Authority ($579.6bn) and Kuwait Investment Authority (KIA) with $533.7bn worth of assets.

The combined assets of the 88 sovereign wealth funds hit $7.83tn.

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