Yazeed bin Abdulrahman Al-Humaid, Deputy Governor of the Public Investment Fund and Head of the General Administration for Investments in the Middle East and North Africa, confirmed that the Fund continues to work on introducing new exchange-traded funds (ETFs) targeting diverse sectors, to enhance investment opportunities in the local and regional market.
Al-Humaid added during the Future Investment Initiative conference in Riyadh that the Public Investment Fund (PIF) launched three exchange-traded funds (ETFs) across eight global markets in the past two years, reflecting the fund's investment expansion and portfolio diversification. He noted that the Saudi financial market is experiencing remarkable growth, with more than 200 listed companies and assets under management exceeding SAR 1.1 trillion, demonstrating the strength and resilience of the local financial market for investors.
Al-Humaid emphasized that the Kingdom and the Public Investment Fund (PIF) are continuing to solidify Saudi Arabia's position as a global hub for attracting asset managers and international investors through advanced infrastructure and strategic initiatives aimed at boosting investment in the region. He explained that the PIF targets global operators through an integrated platform for managing assets and investment zones, offering diverse options that reflect the major transformations taking place in Saudi Arabia and the region.
He noted that the Kingdom recently announced a $75 billion investment in infrastructure financing, reflecting Saudi Arabia's commitment to driving economic development and achieving long-term strategic benefits. The Public Investment Fund (PIF) has also registered more than 100 global asset managers and currently works with approximately 40 of them, with 12 global managers establishing their operations within Saudi Arabia and overseeing the training and development of Saudi talent in the field of asset management.
Through these steps, the Public Investment Fund (PIF) aims to enable investors to access diverse opportunities, increase liquidity, and enhance the efficiency of the Saudi financial market through innovative financial products. These initiatives reflect PIF's commitment to driving local and international investments and achieving a qualitative leap in the Kingdom's position as a strategic asset management destination on a global scale.
