Riyadh – Sharikat Mubasher: The Economic Club of Washington, D.C. hosted Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund & Chairman of Saudi Aramco yesterday, where he shared his thoughts about PIF's role as one of the world's most impactful investors.

Al-Rumayyan noted that PIF’s average internal rate of return has risen to 7.2%, compared with just 2% previously. He added that the fund now employs 2,964 people, up from only 30 in 2015, with a headquarters in Riyadh and international offices in New York, London, Hong Kong, Paris, and Beijing, as well as regional offices in Cairo, Amman, Manama, and Muscat.

The governor said the fund’s value stands at around $925–930 billion, with a target of reaching $1.075 trillion by the end of this year and at least $2 trillion by 2030. He emphasized that investment decisions are guided by improving returns, boosting GDP, and creating jobs to support Saudi Arabia’s economic diversification.

Worth noting that Saudi Arabia’s Public Investment Fund closed 2024 with assets under management rising 19% to $913 billion, as per its latest annual report.