Saudi sovereign fund reports 25 pct revenue jump in 2024


By [e]Suad

RIYADH, Aug. 13 (Xinhua) -- Saudi Arabia's Public Investment Fund (PIF) on Wednesday reported a 25 percent rise in total revenues for 2024 and said its assets under management grew 19 percent to 913 billion U.S. dollars as the sovereign wealth fund continues its drive to diversify the kingdom's economy.

According to its 2024 annual report released on Wednesday, the fund's total revenues reached 413.4 billion Saudi riyals (around 110.2 billion dollars), a significant increase from 331.4 billion riyals in 2023.

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