Saudi Arabia’s Public Investment Fund (PIF) suffered massive $11 billion in losses in investments in 2022 after recording impressive $19 billion profits the year earlier. Analysts have put it down to the ebb and flow of the global stock market as bond and stock prices declined over the past year, with the S&P 500 dropping just under 20 percent in 2022. Despite the losses, the fund has grown considerably, expanding its assets to $778 billion from $676 billion in 2022 according to Bloomberg. The growth is in line with the the Saudi goal of ensuring the fund attains $2 trillion in assets by 2030 and part of its diversification Vision 2030 plan. Much of this expansion h
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