Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), experienced an US$11 billion loss in its investments in 2022. The decline in global stock and bond prices negatively impacted the fund’s holdings, contrasting with its US$19 billion profit in 2021 when markets recovered from the pandemic. Despite not disclosing the shareholder returns for 2022, […]
Saudi sovereign wealth fund takes US$11bn loss amid global market downturn
