Pensions
Saudi Arabia’s PIF Reports $16.5B Loss in 2022
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
An encouraging second quarter, with a star offering, is stoking dormant optimism.
With an anxiety-prone stock market not showing a lot of lift after last year’s losses, companies are holding off on going public.