Signal · Geopolitical Risk

‎PIF shareholder return reached 5.8% annually

Argaam - Main News Trade press Published 17th August 2026 Saudi Arabia

What the source reported

Source-reported

‎<img src="https://argaamplus.s3.amazonaws.com/6de0d42d-b9d5-48e1-b359-e58f2b9ddd81.png" > Logo ofPublic Investment Fund (PIF) <hr> The Public Investment Fund (<a href="https://www.argaam.com/en/tadawul/tasi/pif" target="_blank">PIF</a>) stated that total shareholder return since the launch of the Vision Realization Program (VRP) in September 2017 until the end of 2025 reached 5.8% on an annual basis. The fund announced its 2025 annual report, with assets under management (AUMs) reaching SAR 3.396 trillion, including redeemed amounts from other entities totaling SAR 30 billion. According to the report, the fund’s AUMs declined 1% from SAR 3.434 trillion in 2024. The fund noted that AUM performance was affected by short-term market factors, including global economic volatility and the impact of US tariffs on asset valuations in domestic and international markets. The fund’s investments were diversified, with domestic and international investments comprising 76% (SAR 2.57 trillion) and 20% (SAR 663 billion) of total assets, respectively, while the Treasury portfolio accounted for the remaining 4% (SAR 133 billion). <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="3" > Total AUM Distribution (SAR bln) </td> </tr> <tr > <td > Type </td> <td > Value (SAR bn) </td> <td > Share of Total </td> </tr> <tr > <td > International Investments </td> <td > 663 </td> <td > 20% </td> </tr> <tr > <td > Domestic Investments </td> <td > 2,570 </td> <td > 76% </td> </tr> <tr > <td > Treasury Portfolio </td> <td > 133 </td> <td > 4% </td> </tr> </tbody> </table> <div ></div> According to the report, investments in Saudi companies accounted for 33% of the fund’s assets, while investments aimed at developing and growing promising sectors represented 29% of the fund’s assets. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > PIF’s Gross AUMs </td> </tr> <tr > <td > Portfolio </td> <td > AUMs (SAR bln) </td> <td > Asset Distribution 2024 </td> <td > Asset Distribution 2025 </td> </tr> <tr > <td > Saudi companies investment portfolio </td> <td > 1,108 </td> <td > 36% </td> <td > 33% </td> </tr> <tr > <td > Promising sectors development and growth investment portfolio </td> <td > 986 </td> <td > 31% </td> <td > 29% </td> </tr> <tr > <td > International strategic investments portfolio </td> <td > 340 </td> <td > 8% </td> <td > 10% </td> </tr> <tr > <td > Saudi real estate infrastructure development investment portfolio </td> <td > 249 </td> <td > 7% </td> <td > 7% </td> </tr> <tr > <td > Saudi giga-projects portfolio </td> <td > 227 </td> <td > 6% </td> <td > 7% </td> </tr> <tr > <td > International diversified investments portfolio </td> <td > 220 </td> <td > 5% </td> <td > 6% </td> </tr> <tr > <td > Treasury (non-investment portfolio) </td> <td > 133 </td> <td > 2% </td> <td > 4% </td> </tr> <tr > <td > Public global markets investment program </td> <td > 104 </td> <td > 4% </td> <td > 3% </td> </tr> </tbody> </table> <div ></div> According to the report, the Saudi companies investment portfolio declined 10% to SAR 1.108 trillion in 2025 compared with 2024. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > Development of AUMs (SAR bln) </td> </tr> <tr > <td > Portfoliio </td> <td > 2021 </td> <td > 2022* </td> <td > 2023** </td> <td > 2024*** </td> <td > 2025*** </td> </tr> <tr > <td > Saudi equity holdings </td> <td > 483 </td> <td > 718 </td> <td > 777 </td> <td > 1236 </td> <td > 1108 </td> </tr> <tr > <td > Saudi sector development </td> <td > 318 </td> <td > 470 </td> <td > 943 </td> <td > 1036 </td> <td > 986 </td> </tr> <tr > <td > International strategic investments </td> <td > 390 </td> <td > 234 </td> <td > 249 </td> <td > 277 </td> <td > 340 </td> </tr> <tr > <td > Saudi real estate infrastructure development </td> <td > 170 </td> <td > 204 </td> <td > 233 </td> <td > 239 </td> <td > 249 </td> </tr> <tr > <td > Saudi giga-projects </td> <td > 35 </td> <td > 121 </td> <td > 241 </td> <td > 211 </td> <td > 227 </td> </tr> <tr > <td > International diversified pool </td> <td > 66 </td> <td > 109 </td> <td > 146 </td> <td > 184 </td> <td > 220 </td> </tr> <tr > <td > Treasury (non-investment portfolio) </td> <td > 397 </td> <td > 204 </td> <td > 72 </td> <td > 81 </td> <td > 133 </td> </tr> <tr > <td > International capital markets program </td> <td > 121 </td> <td > 169 </td> <td > 190 </td> <td > 130 </td> <td > 104 </td> </tr> <tr > <td > Total </td> <td > 1,980 </td> <td > 2,234 </td> <td > 2,871 </td> <td > 3,434 </td> <td > 3,396 </td> </tr> </tbody> </table> <div >*Includes SAR 5 billion in amounts redeemed from other entities.</div> **Includes SAR 20 billion in amounts redeemed from other entities. ***Includes SAR 30 billion in amounts redeemed from other entities. The fund's investments were distributed across a wide range of industries in 2025, based on global sector standards. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > PIF Investments by Sector </td> </tr> <tr > <td > Sector </td> <td > Percentage </td> </tr> <tr > <td > Energy </td> <td > 28% </td> </tr> <tr > <td > Real Estate </td> <td > 15% </td> </tr> <tr > <td > Communication Services </td> <td > 10% </td> </tr> <tr > <td > IT </td> <td > 9% </td> </tr> <tr > <td > Financials </td> <td > 6% </td> </tr> <tr > <td > Materials </td> <td > 5% </td> </tr> <tr > <td > Utilities </td> <td > 4% </td> </tr> <tr > <td > Industrials </td> <td > 4% </td> </tr> <tr > <td > Consumer Discretionary </td> <td > 2% </td> </tr> <tr > <td > Consumer Staples </td> <td > 1% </td> </tr> <tr > <td > Healthcare </td> <td > 0.4% </td> </tr> <tr > <td > Unclassified* </td> <td > 15% </td> </tr> </tbody> </table> <div >*Represents multisector funds/mandates; call accounts; cash; term deposits; and money markets.</div>

Publication: Argaam - Main News · Trade Publication
Published: 17th August 2026
Original report: argaam.com

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.

What ProcIntel recorded

ProcIntel-derived

Category: Geopolitical Risk
Geography: Saudi Arabia
Organisations: None identified
Collected: 17th August 2026 · 14:37

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Significance 2 · Moderate

Confidence 2 · Low

Initial Significance Moderate (36.0/100). Strongest contributor: Procurement Impact (21.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).

Strongest contributor: Procurement Impact
Limiting factor: Likely Event Severity

What the source reported

What ProcIntel recorded

Initial assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.