Saudi Arabia’s Public Investment Fund reported a loss on investment activities of about $US11 billion last year compared to a profit of $US19 billion ($16.5 billion) in 2021 as global markets sank.
That meant the fund’s loss attributable to its owner was 36.6 billion riyals ($14.6 billion) in 2021, down from a profit of 81.8 billion riyals, according to the wealth fund’s accounts published Tuesday. Total assets of the PIF, as the fund is known, rose to about $US778 billion from $US676 billion.
