In 2023, the Public Investment Fund of Saudi Arabia expects its revenues to increase by a remarkable 100%, reaching 331 billion riyals ($88.5 billion), a significant rise from the profits recorded in the previous year which stood at 138.08 billion riyals ($36.81 billion) for the year ending December 31, 2023, compared to losses of 58.55 billion riyals a year earlier. The fund announced that the value of its assets at the end of the fiscal year amounted to 2.871 trillion riyals.
The investment portfolio revenues also saw a substantial increase, jumping to 98 billion riyals in 2023 from losses of 41 billion in 2022. Additionally, general reserves and profits from investments are projected to increase by an impressive 21% in 2023, reaching 707 billion riyals.
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