Saudi Arabia Announces $100B Sovereign Wealth Fund Restructure
The Public Investment Fund unveiled a sweeping reorganization focused on technology and renewable energy investments, signaling acceleration of the post-oil transition.
Marcus Chen
Macro Strategist
Saudi Arabia's Public Investment Fund (PIF) announced a $100 billion restructuring plan on Sunday, consolidating its investment arms and allocating a record 35% of new capital toward technology and renewable energy ventures.
Crown Prince Mohammed bin Salman, who chairs the PIF, said the restructuring reflects "the Kingdom's commitment to building a diversified, knowledge-based economy" as part of Vision 2030. The fund's total assets under management now exceed $930 billion.
Key elements of the restructure include a new $25 billion technology ventures division, a $15 billion renewable energy fund, and the consolidation of subsidiaries under a streamlined holding company structure.
The announcement follows PIF's growing global footprint, which includes significant stakes in Lucid Motors, the LIV Golf tour, and a partnership with SoftBank's Vision Fund 3. The fund has also been actively investing in AI infrastructure, with a reported $40 billion commitment to a joint venture with Andreessen Horowitz.
Saudi equities rallied on the news, with the Tadawul All Share Index gaining 1.8%. The Saudi riyal remained pegged at 3.75 per dollar.