News Saudi Arabia Investment funds: Saudi Endowment Investment Funds’ Assets Hit Record High of SAR1 Billion
Riyadh, November 18, 2024, SPA -- The net assets of licensed endowment (waqf) investment funds in Saudi Arabia have reached a new record exceeding SAR1 billion in 2024, substantially surpassing the SAR half-billion mark from the previous year. This achievement coincides with the introduction of five new funds, bringing the total number to 34 endowment funds, with assets increasing by 29.3% and recording an average asset size increase of 13.9%. The General Authority for Awqaf granted licenses for these five funds in 2024, aligning with the guidelines set forth by the authority, resulting in a total of 27 public and seven private endowment investment funds. Through its strategy, the authority aims to enhance the endowment sector’s sustainability by refining the licensing process for endowment investment products. It is committed to streamlining procedures that encourage individuals and endowment entities to broaden their activities across various sectors. Endowment funds are equipped with precise mechanisms to drive sustainable development by implementing best practices in this field. They engage in developmental projects that cater to societal needs and efficiently manage endowed resources to address social and developmental requirements. Furthermore, these funds offer programs designed to yield optimal developmental returns, fostering connectivity between endowment projects and initiatives undertaken by relevant authorities and charitable organizations. --SPA 20:55 Local Time 17:55 GMT 0054
News Saudi Arabia Investment funds: Saudi Sovereign-Wealth Fund Struggles to Find Winning Investments
PIF’s performance adds to the country’s economic challenges, which were growing even before the war in Iran.
News Saudi Arabia Investment funds: Saudi Arabia’s Cultural Development Fund Strengthens Investment Ecosystem with Over SAR 3 billion in New Funds and Financing Solutions to Grow Saudi Cultural Sector
RIYADH, Saudi Arabia, Oct. 15, 2025 (GLOBE NEWSWIRE) -- The Cultural Development Fund (CDF), Saudi Arabia’s key financial enabler of the cultural sector, has announced a suite of new funds and ...
News Saudi Arabia Investment funds: Saudi Arabia’s Public Investment Fund assigned debut credit ratings
Saudi Arabia’s Public Investment Fund has been assigned debut ratings by agencies Fitch and Moody’s as the government-owned $500bn sovereign fund prepares to extend credit facilities and raise public ...
News Saudi Arabia Investment funds: Saudi Arabia's Public Investment Fund acquires stakes in Capcom and Nexon
Saudi Arabia's Public Investment Fund has acquired minor stakes in Capcom and Nexon. According to Bloomberg, the fund took a stake of more than 5% in each publisher, with a combined value of over $1 ...
