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Source:
الاقتصادية
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PIF profits rise to 65.2B Riyals in 2022
The Saudi Public Investment Fund achieved profits exceeding 65.2 billion Riyals last year, representing an increase of over 152%. This growth was driven by revenue expansion, improved operational performance, and a decline in administrative expenses. Its asset value rose to 4.54 trillion Riyals by the end of the year, with a target to reach 10 trillion Riyals by 2030. Additionally, the profits of affiliated companies and joint ventures increased to 9.8 billion Riyals, despite ongoing investment expansions.
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