Vishnu Amble’s Post

In the first half of 2024, the Gulf's leading sovereign wealth funds, known as the "Oil Five — Saudi Arabia’s PIF, ADIA, Mubadala, ADQ, and Qatar’s QIA—invested a staggering $38.2 billion across 58 deals, according to the latest Global SWF Governance, Sustainability, and Resilience (GSR) scoreboard. This investment is over double what Canada’s largest funds and almost eight times what Singaporean funds deployed in the same period. Globally, sovereign wealth funds reached new heights with assets under management (AUM) exceeding $12 trillion, while Public Pension Funds (PPFs) surpassed $24 trillion. Despite a cautious investment climate, sovereign wealth funds invested $64.2 billion in 135 deals, with PPFs contributing $31.9 billion in 101 deals. The average deal size was an impressive $0.41 billion, the largest in recent years. A significant trend is the continued rise of "green assets." Since 2021, investments in renewable energy have outpaced those in oil, gas, and mining. Noteworthy green investments include Mubadala’s renewable projects in Australia, India, and Japan, and Norges Bank Investment Management’s investments in UK and Spanish wind and solar farms. This shift highlights the growing emphasis on sustainability and the strategic importance of green investments. https://lnkd.in/dkZr5Jv5 #SovereignWealthFunds #GulfEconomy #GreenInvestments 

The first half of 2024 witnessed 27 mega-deals, each exceeding $1 billion, orchestrated by sovereign investors. The Middle East's prominent sovereign wealth funds took the lead in investments, injecting $38.2 billion across 58 diverse deals, as per Global SWF. Notably, the 'Oil Five' consortium comprising Saudi's PIF, Abu Dhabi's ADIA, Mubadala, ADQ, and Qatar's QIA, outstripped the 'Maple Eight' (major Canadian funds) in deployment, almost doubling their investments and surpassing Singaporean funds by nearly eightfold, as per Global SWF's Governance, Sustainability, and Resilience (GSR) scorecard. #Investments #SovereignInvestors #GlobalEconomy #Finance #MiddleEast #WealthFunds

Saudi Arabia's Public Investment Fund (PIF) is on a meteoric rise, with its assets under management skyrocketing by 55% to $925 billion, surpassing Kuwait's sovereign wealth fund and trailing only Abu Dhabi Investment Authority who still leads the region with $993 billion in assets. Surpassing regional rivals and climbing the global ranks, PIF’s strategic moves like boosting its Aramco stake and diversifying into sectors like transportation underscore its ambition to hit $2 trillion by 2030. Check the below article and witness the kingdom’s financial powerhouse in action! #PIF #SaudiArabia #SovereignWealthFunds #InvestmentLeadership

Saudi Arabia’s Public Investment Fund asset base grew 29% in 2023, with key areas including finance, health care, sport, renewables, technology, the automotive industry, property, aerospace, defence, entertainment, leisure, retail and mining.

Brookfield and Public Investment Fund (PIF) are joining forces at #FII8 to accelerate key strategic sectors in Saudi Arabia. This powerful #partnership aims to harness the strengths of both organizations to enhance local private equity investment opportunities and position Saudi Arabia as a leading hub for global investments and economic growth.  #PIF #ImpactOnHumanity #FII8Announcements #Investment #Brookfield

As part of its commitment to advancing Saudi Arabia’s green agenda, Public Investment Fund (PIF) has developed a Green Finance Framework. This framework outlines PIF’s strategy and roadmap for driving sustainable initiatives, detailing the projects eligible for green financing in accordance with international standards. An independent assessment by DNV confirms its alignment with international standards, including the ICMA - International Capital Market Association Green Bond Principles and Loan Market Association (LMA) Green Loan Principles 2021. This framework will enable PIF to issue green bonds, sukuk, and loans, driving sustainable development across the Kingdom. Let's connect and collaborate on this exciting journey towards a greener future! #GreenFinance #Sustainability #PIF #SaudiArabia #GreenBonds #ClimateAction

🌍 Saudi Arabia’s Green Bond Investments: A Step Towards Sustainability 🌱 What are Green Bonds? Green bonds are debt securities used to finance or refinance environmentally beneficial projects, such as renewable energy, green buildings, and water management. While they function like traditional bonds, they stand out by exclusively supporting sustainable initiatives. These bonds also attract socially responsible investors, often providing tax incentives, such as exemptions or credits, to encourage participation. (Source: Corporate Finance Institute - CFI) Saudi Arabia’s Green Bond Progress: The Public Investment Fund (PIF) has allocated $5.2 billion of the $8.5 billion raised through green bonds to sustainable projects as of June 2024, up from $1.3 billion last year. This significant increase reflects the Kingdom’s commitment to environmental goals. (Source: CNBC) #GreenBonds #Sustainability #Vision2030 #SaudiArabia #EconomicDevelopment

Kingdom of Saudi Arabia released its Green Financing Framework in March 2024. As part of the global effort to combat climate change, the Kingdom of Saudi Arabia is committed to achieve the goal of reaching Net Zero Carbon emissions by 2060 and to achieve its Nationally Determined Contribution of reducing CO2 emissions by 278 million tons annually by 2030, with the year 2019 designated as the base year. Public Investment Fund (PIF) has established its Green Finance Framework, which sets out its strategy and roadmap to catalyze the Kingdom’s green agenda and outlines the projects eligible for green financing in line with international standards. The PIF’s Green Finance Framework is aligned with the ICMA Green Bond Principles 2021 and the LMA Green Loan Principles 2021. Full report attached. #financing #NDC #netzero

Saudi Arabia’s Public Investment Fund (PIF) retained in 2024 its top position in the Middle East and rose five places to tie for second in a ranking of 100 sovereign wealth funds, according to a recent report. The 2024 Governance, Sustainability, and Resilience (GSR) Scoreboard, published by data platform Global SWF, shows that PIF improved its assessment score to an impressive 96% from 92% the previous year. Additionally, PIF attained the top global position for deploying the most fresh capital over the past five and a half years. Read more: https://lnkd.in/d-_gJWpB #SaudiArabia #PIF #Fund #Investment #Governance #Sustainability #Resilience

PIF Soars in 2023, Fueling Saudi Vision 2030 Riyadh, Saudi Arabia – July 7, 2024 – Saudi Arabia's Public Investment Fund (PIF) reported stellar results in 2023, doubling revenue and exceeding asset growth targets. Net profit surged to $19.7 billion, reversing 2022's losses. Assets climbed 28% to $990 billion, exceeding the 2023 goal. PIF invests in renewable energy, transportation, and other sectors to diversify the Saudi economy. - Sustainability and Governance: The fund maintained its leading position in sustainability and governance, ranking second globally in the Global SWF Institute’s Sovereign Wealth Fund Governance and Sustainability Ratings. - Pivotal Role in Economic Diversification: PIF plays a pivotal role in diversifying the Saudi economy away from oil by investing in promising projects in non-oil sectors. - Ambitious Plan for the Future: The fund plans to raise its assets under management to SAR 10 trillion by 2030, becoming one of the largest sovereign wealth funds in the world. Overall, PIF’s 2023 results demonstrate its significant progress in achieving its objectives, reinforcing its position as a key driver of the Saudi economy and a major contributor to realizing Vision 2030. #PIF #SaudiArabia #Vision2030 #Investment