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Public Investment Fund — news, coverage & facts — IJR

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Public Investment Fund — Public Investment Fund · CC BY-SA 4.0

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Public Investment Fund

sovereign wealth fund owned by Saudi Arabia

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Photo: Reuters — Wikimedia Commons / Wikimedia Commons
Business
EU approval of Saudi PIF EA deal
The European Commission has approved Saudi Arabia's Public Investment Fund-led $55 billion acquisition of Electronic Arts, with the deal cleared under EU merger rules after regulators found no competition concerns. It is also being reviewed under the EU's Foreign Subsidies Regulation, with a decision due by July 30, highlighting a landmark investment in gaming and entertainment while EA remains headquartered in California.
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Facts from Wikidata (CC0). Image via Wikimedia Commons (CC BY-SA 4.0).

The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$900 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015, as its chairman.

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Country: Saudi Arabia
Headquarters: Riyadh
Inception: August 17, 1971
Website: https://pif.gov.sa

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