How many investments has Public Investment Fund made?

Public Investment Fund has 5 tracked investments.

What stage does Public Investment Fund invest at?

Public Investment Fund invests at the Growth, Late Stage stages.

What sectors does Public Investment Fund focus on?

Public Investment Fund focuses on Sector Agnostic.

Where is Public Investment Fund located?

Public Investment Fund is headquartered in Riyadh, SA.

Public Investment Fund

Government fund

Riyadh · Growth–Late Stage · 24 people tracked

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Investment thesis

PIF positions itself as a catalyst of change, deploying capital to accelerate growth in strategic ecosystems, stimulate new opportunities, and shape future blueprints for living and working. It manages a diversified portfolio structured across three portfolios, each with a distinct objective serving the fund's overarching mandate. The fund emphasizes contribution to Saudi Arabia's non-oil GDP and enabling private sector growth through its Private Sector Hub, which connects entrepreneurs, investors, and suppliers with opportunities across PIF's portfolio companies while supporting local content development and national economic prosperity.

Invests inSector AgnosticGlobal Middle East & North Africa Riyadh Saudi Arabia

Source: firm website, verified Aug 3, 2026.

Stage

Growth–Late Stage

Riyadh, SA

Instruments

Equity

Last 12 months

1 investment

AUM

$900B

Tracked investments

Team · 24 people

from the firm's website & curated

Mohammed bin Salman bin Abdulaziz Al Saud· Chairman of the Public Investment Fund; Crown Prince, Prime Minister

Chairman of PIF's Board of Directors, overseeing the Fund's long-term strategy, investment policy and performance. He also serves as Crown Prince and Prime Minister of Saudi Arabia.

Yasir Othman Al-Rumayyan· Governor of PIF

Governor of PIF and a member of its Board of Directors.

Jerry Todd· Head of National Development Division and Acting Head of Investment Strategy and Economic Insights Division· Leuven, Flemish Region, Belgiumin

Head of the National Development Division since 2020 and Acting Head of Investment Strategy and Economic Insights, focused on economic transformation and asset allocation. He previously worked at SNB Capital, Jadwa Investments and McKinsey & Company.

Saad Alkroud· Head of Local Real Estate Investments Division

Head of the Local Real Estate Investment Division, overseeing domestic real estate and giga-projects such as NEOM, Red Sea Global, Qiddiya, Roshn and Diriyah. He joined PIF in 2016 and previously served as Chief of Staff.

Turqi A. Al-Nowaiser· Deputy Governor, and Head of International Investments Division

Deputy Governor and Head of PIF's International Investments Division since 2021, leading investment strategy across public markets, private markets, real estate and infrastructure. He previously held executive roles at Saudi Fransi Capital and chairs Lucid Group and Manara Minerals.

Yazeed A. Al-Humied· Deputy Governor, and Head of MENA Investments Division· Saudi Arabiain

Deputy Governor and Head of MENA Investments, managing PIF's local and regional portfolio of nearly 100 companies. He joined in 2015 as Chief of Staff and previously headed M&A at the Saudi Capital Markets Authority.

Ahmed Aqeel Al-Khateeb· Board Member; Minister of Tourism

Member of PIF's Board of Directors and Saudi Minister of Tourism.

Bander A. Mogren· Chief Operating Officer and Head of Shared Services Division· Saudi Arabiain

Chief Operating Officer since 2016, leading PIF's shared services and digital and technology transformation. He previously worked at SNB Capital, Jadwa Investments and stc.

Fahad Abduljalil Al-Saif· Board Member; Minister of Investment

Member of PIF's Board of Directors and Saudi Minister of Investment.

Faisal Fadhil Alibrahim· Board Member; Minister of Economy and Planning

Member of PIF's Board of Directors and Saudi Minister of Economy and Planning.

Feta Zabeli· Head of Risk Division

Head of the Risk Division and Chief Risk Officer since 2020, overseeing investment, operational and cybersecurity risk management. He was previously Chief Risk Officer at Morgan Stanley Investment Management.

Ibrahim Abdulaziz Al-Assaf· Board Member; Minister of State and member of the Saudi Council of Ministers

Member of PIF's Board of Directors, serving as Minister of State and a member of the Saudi Council of Ministers.

Kevin Foster· Head of Corporate Affairs Division

Head of Corporate Affairs, joining PIF as Head of Corporate Communications in 2019. He previously spent 12 years at Royal Bank of Canada and held senior communications roles at Weber Shandwick, S&P and McDonald's Ronald McDonald House Foundation.

Khalid Abdulaziz Al-Falih· Board Member; Minister of State and Member of the Cabinet

Member of PIF's Board of Directors, serving as Minister of State and a member of the Cabinet.

Majid Abdullah Al Qasabi· Board Member; Minister of Commerce

Member of PIF's Board of Directors and Saudi Minister of Commerce.

Maram Al Johani· Chief of Staff and Secretary General to the Board and Board Committees

Chief of Staff and Secretary General to the Board, leading strategic planning, governance advisory and portfolio company affairs. She joined PIF in 2017 after working at PricewaterhouseCoopers.

Mike Cheng· Head of Internal Audit Division· San Francisco Bay Areain

Head of Internal Audit since 2019, providing independent audit assurance across PIF's investment and support functions. He previously led audit at Barclays and Prudential in Asia and held senior roles at Deutsche Bank.

Mohamed Mazyed Altwaijri· Board Member; Advisor at the Royal Court

Member of PIF's Board of Directors, serving as an Advisor at the Royal Court.

Mohammad Abdul Malek Al Shaikh· Board Member; Minister of State and member of the Saudi Council of Ministers

Member of PIF's Board of Directors, serving as Minister of State and a member of the Saudi Council of Ministers.

Mohammed Abdullah Al-Jadaan· Board Member; Minister of Finance

Member of PIF's Board of Directors and Saudi Minister of Finance.

Rania Nashar· Head of Compliance & Governance Division

Head of Compliance and Governance and senior advisor to the Governor since 2021. She was previously CEO of Samba Financial Group, the first Saudi woman to lead a major bank in the Kingdom.

Yasir A. AlSalman· Chief Financial Officer and Head of Finance Division and Acting Head of Global Capital Finance

Chief Financial Officer since 2016, overseeing finance, capital structuring and global capital financing. He previously held finance leadership roles at Kingdom Holding, Mobily and SALIC, and is a certified CPA.

Eliizabeth Mändul· Head of National Development· Tallinnin

e•••@lift99.coreveal

Jacqueline Renard· Deputy Governor & Head of MENA Investments· Francein

What they invest in

from 3 of 7 portfolio companies

Construction Tech ×3PropTech ×2AI & Machine Learning ×1Cleantech ×1Climate Tech ×1Energy ×1Impact & Social Good ×1

HQs:Saudi Arabia×3United States×2

Investments · 7 tracked

founders shown can be your intro path

By year:2026 · 1 2021 · 12 dated

SpaceXspacex.comNASDAQ: SPCXAug 2026

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder, CEO & Chief Engineer)in

Co-investors1/1 Capital 137 Ventures 4DX Ventures A*Abstract Ventures Access Technology Ventures +110 more

AtievaApr 2021

Newark, US

Sam Weng(Executive Officer)Bernard Tse(Executive Officer, Director)inPeter Rawlinson(Executive Officer, Director)Michael Smuts(Executive Officer)Michael Bell(Executive Officer)Eric Bach(Executive Officer)

Co-investorsVenrock

Diriyah Companydiriyahcompany.sa in 𝕏

Diriyah Company develops a large-scale cultural and mixed-use destination in Saudi Arabia, offering infrastructure and real estate investment opportunities including hospitality, residential, office, and retail assets.

Construction TechPropTechRiyadh, SA

Jerry Inzerillo(Group Chief Executive Officer)

BoardMohammed bin Salman bin Abdulaziz Al-Saud(Chairman of the Board)

NEOMneom.com in 𝕏

NEOM is a large-scale regional development project in northwest Saudi Arabia designed to diversify the Kingdom's economy through new urban solutions.

AI & Machine LearningCleantechClimate TechConstruction TechEnergyImpact & Social GoodNorthwest Saudi Arabia, SA

Qiddiya

Led by Qiddiya Investment Company (launched 2018), a city built for entertainment, sports and culture spanning over 360 sq km.

Red Sea Global

Launched in 2018, developer of regenerative tourism projects The Red Sea and Amaala, focused on sustainable tourism and hospitality.

ROSHN Grouproshn.sa

ROSHN Group is a multi-asset class real-estate developer building integrated, human-centric urban communities across Saudi Arabia.

Construction TechPropTech

Exits · 1

IPOs and acquisitions across the tracked portfolio

SpaceXNASDAQ: SPCX

Portfolio news

latest coverage across their companies

Why a veteran fund manager sees more trouble ahead for SpaceX as its post-IPO roller coaster continues

SpaceX · businessinsider.com · Aug 16, 2026

Who owns Lucid Motors? Ownership structure explained (2026)

Atieva · revenuememo.com · Aug 6, 2026

Frequently asked questions

How many investments has Public Investment Fund made?: Public Investment Fund has 5 tracked investments.
What stage does Public Investment Fund invest at?: Public Investment Fund invests at the Growth, Late Stage stages.
What sectors does Public Investment Fund focus on?: Public Investment Fund focuses on Sector Agnostic.
Where is Public Investment Fund located?: Public Investment Fund is headquartered in Riyadh, SA.

Media · Podcasts & interviews

from their channel

التقرير السنوي لعام 2025 لصندوق الاستثمارات العامة

Public Investment Fund

أخبار صندوق الاستثمارات العامة | إلهام الجيل القادم

Public Investment Fund

PIF 2025 Annual Report

Public Investment Fund

PIF News | Inspiring the Next Generation

Public Investment Fund

Annual Report 2025 | Maram Al Johani

Public Investment Fund

التقرير السنوي 2025 | مرام الجهني

Public Investment Fund

Images

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