• The Saudi Public Investment Fund experienced a remarkable increase in total assets last year, soaring by 390 billion riyals, reaching a substantial 2.91 trillion riyals. This impressive growth was primarily attributed to the surge in the value of investments in major projects such as "NEOM," "Red Sea," "Qiddiya," and "Roshan," which saw a staggering 246% increase, totaling 121 billion riyals. Additionally, the investment portfolio in Saudi companies also witnessed significant growth, rising by 49% to 718 billion riyals. As a key driver in diversifying the Saudi economy away from oil, the fund plays a crucial role in realizing the goals of the Kingdom's Vision 2030 and is chaired by Crown Prince Mohammed bin Salman.

• According to the recently issued annual report of the Saudi Sovereign Fund, assets under management reached 2.23 trillion riyals by the end of 2022, compared to 1.98 trillion riyals at the end of the previous year. Notably, the fund aims to further increase its assets under management, targeting a milestone of 4 trillion riyals by the end of 2025. Yasser Al-Rumayyan, the Governor of the Public Investment Fund, emphasized in the report's introduction that their financial strength enabled them to identify and capitalize on essential investment opportunities, ensuring sustainable growth.