PIF | Annual Reports | Public Investment Fund

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odd last rel-level1"> <a title="Managers Gate" href="/en/managers-gate/">Managers Gate</a> </li> </ul> </nav> </div> </div> <div class="component rich-text col-12"> <div class="component-content"> <h4>Menu</h4> </div> </div> <div class="component link-list col-12"> <div class="component-content"> <ul> <li class="item0 odd first"> <a href="https://www.facebook.com/pif/" target="_blank"><i class="fa-brands fa-facebook"></i></a> </li> <li class="item1 even"> <a href="https://www.instagram.com/publicinvestmentfund/?igshid=1j2de475jpgb4" target="_blank"><i class="fa-brands fa-square-instagram"></i></a> </li> <li class="item2 odd"> <a href="https://www.linkedin.com/company/pifsaudi" target="_blank"><i class="fa-brands fa-linkedin"></i></a> </li> <li class="item3 even"> <a href="https://twitter.com/PIF_en" target="_blank"><i class="fa-brands fa-x-twitter"></i></a> </li> <li class="item4 odd last"> <a href="https://www.youtube.com/channel/UCmAwCcpGQFeAUbCCTkv7yxQ" target="_blank"><i class="fa-brands fa-youtube"></i></a> </li> </ul> </div> </div> </div> </div> </div></div> </div> </div></div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> <div class=" mobile-navigation container-fluid"> <div > <div class="row"> <div class="component container col-12 navigation-mobile"> <div class="component-content" > <div class="row"> <div class="component plain-html col-12" id="mobile-search"> <div class="component-content"> <div class="search-mobile-input-wrapper"> <div class="s-input-block"> <input type="text" id="search-input-mobile" maxlength="100" placeholder="Search by keyword..."> <div class="s-button-block"> <button id="mob-nav-search-button"> <i class="fa-solid fa-magnifying-glass"></i> </button> </div> </div> </div> </div> </div> <div class="row component column-splitter"> <div class="col-12 mobile-nav-wrapper"> <div class="row"> <div class="component link-list nav-mobile col-12"> <div class="component-content"> <h3>Who We Are</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/who-we-are/" data-variantitemid="{1DD377E7-1495-476B-AAE8-21AB4DBCCE90}">Who We Are</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/who-we-are/our-leadership/" data-variantitemid="{DEC3C4EF-ACE6-41F9-9C63-45ACE1983588}">Our Leadership</a></div> </li> <li class="item2 odd last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/who-we-are/our-history/" data-variantitemid="{0A75995D-4726-4011-8E69-0BF8D6B41CF3}">Our History</a></div> </li> </ul> </div> </div> <div class="component link-list nav-mobile col-12"> <div class="component-content"> <h3>Our Investments</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/our-investments/" data-variantitemid="{EBBF7E2D-85B0-48BF-86F7-2726B21A9899}">Our Investments</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/our-investments/our-portfolio/" data-variantitemid="{C2015D0A-E1F1-46CD-9F77-846DED78A2CE}">Our Portfolio</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/our-investments/giga-projects/" data-variantitemid="{D97E15B4-8E8F-4982-8DD0-036BABBDD24B}">Giga-Projects</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/our-investments/investment-pools/" data-variantitemid="{A2FEF8AF-FE23-4843-9A51-ECCC1895AB7B}">Investment Pools</a></div> </li> <li class="item4 odd last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/our-investments/governance-and-investment-decisions/" data-variantitemid="{6338E6BA-06AD-4577-9CB9-5165B3E602B3}">Governance and Investment Decisions</a></div> </li> </ul> </div> </div> <div class="component link-list nav-mobile col-12"> <div class="component-content"> <h3>Our Strategy & Impact</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/strategy-and-impact/" data-variantitemid="{AB1E0F2C-E257-43AE-BCA6-4C3AFB19B76D}">Strategy & Impact</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/strategy-and-impact/the-program/" data-variantitemid="{A52BC989-855D-4E6E-BE79-DCC08509A714}">Our Program</a></div> </li> <li class="item2 odd last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/strategy-and-impact/invested-in-better/" data-variantitemid="{C2294E2F-DBC3-4CB2-BF26-0048DD7B0315}">Invested in Better</a></div> </li> </ul> </div> </div> <div class="component link-list nav-mobile col-12"> <div class="component-content"> <h3>Investors</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/" data-variantitemid="{44B399EF-C488-4656-A127-B637077EDF73}">Investors</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/green-finance-framework/" data-variantitemid="{87F2AF72-735E-4431-B822-226F68287F8E}">Green Finance Framework</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/capital-markets-program/" data-variantitemid="{B6A2191D-2D9A-4B23-A6F0-8EF0ABF670F4}">Capital Markets Program</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/annual-reports/" data-variantitemid="{AC6F4E45-DE7A-4BB3-8E0F-51E41BD9FAEB}">Annual Reports</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/financial-statements/" data-variantitemid="{409E0674-A462-451F-8628-99D5A8595BF6}">Financial Statements</a></div> </li> <li class="item5 even last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/credit-rating/" data-variantitemid="{BC0C3ACD-5D81-421A-84E4-6FEDC4AB02A4}">Credit Ratings</a></div> </li> </ul> </div> </div> <div class="component link-list nav-mobile col-12"> <div class="component-content"> <h3>News & Insights</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/" data-variantitemid="{FAA89A34-5141-431C-96F1-D12C2F7E8A60}">News & Insights</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/press-releases/" data-variantitemid="{4F189468-4EF9-421F-B811-68F390F1BE58}">Press Releases</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/newswire/" data-variantitemid="{D03033FF-DDF8-45EA-B258-C9F3BB5056FD}">Newswire</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/global-insights/" 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class="pif-search-box-count"> View All Results ({count}) </div> <div class="pif-search-box-viewall link-wrappers"> <a href="/en/search/" class="btn btn-primary">View all</a> </div> </div> </div> </div> <div class="component pif-popular-search col-12" data-search-result='/en/search/' data-targetsignature=""> <div class="component-content"> <div class="pif-popular-search-title"> Popular Search </div> <ul class="pif-popular-search-keywords"> <li data-key="Become a Supplier" data-value="Become a Supplier"> <div class="field-value">Become a Supplier</div> </li> <li data-key="PIF" data-value="PIF"> <div class="field-value">PIF</div> </li> <li data-key="Portfolio" data-value="Portfolio"> <div class="field-value">Portfolio</div> </li> <li data-key="Vendor Gate" data-value="Vendor Gate"> <div class="field-value">Vendor Gate</div> </li> </ul> </div> </div> </div> </div> </div></div> </div> </header>   <main> <div id="content" class="container-fluid"> <div class="row"> <div class="component 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</div> </div> <div class=" container container-fluid"> <div > <div class="row"> <div class="component content col-12 banner-width-60" id="project-title-without-desc"> <div class="component-content"> <h1 class="field-title">Annual Reports</h1> </div> </div> </div> </div> </div> <div class=" container container-fluid"> <div > <div class="row"> <div class="component container col-12"> <div class="component-content" > <div class="row"> <div class="component row-splitter"> <div class=" mob-gap-3 container container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-12"> <div class="row"> <div class="component content-block grid-width light-bg col-12 column-65-35 image-left" id="annual-reports-main"> <div class="component-content"> <div class="content-wrapper"><div class="field-content"><h5 class="caption field-subtitle">INVESTMENT FOR IMPACT</h5><h2 class="field-title">Annual Report 2023</h2><div class="field-description"><p>PIF delivered significant growth and made strong progress toward its Vision Realization Program objectives during 2023. Across Saudi Arabia and worldwide, PIF leveraged its scale, stature, reach, and expertise to forge landmark partnerships, accelerate strategic sectors, and diversify its expanding asset base for continued growth and value creation.</p></div><div class="row"> <div class="component media-link file-list-files col-12"> <div class="component-content"> <div class="file-description"><div><div class="field-filetypeicon"><span class="pdf"></span></div></div><div><div class="field-linktext"><a title="PIF Annual Report 2023" href="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/pdf/pif-2023-annual-report-en.pdf" download="">PIF Annual Report 2023</a></div></div><div class="info-wrapper"><div class="file-size"><div class="field-size"><span>18.45 MB</span></div></div></div></div> </div> </div></div></div></div><div class="image-wrapper"><img src="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/annual-report-2023.jpg" alt="Annual Report 2023" /></div> </div> </div> </div> </div> </div></div> </div> </div> <div class=" container container-fluid"> <div > <div class="row"> <div class="component rich-text col-12 mob-gap-3"> <div class="component-content"> <h3 class="prev-main-title">Previous Reports</h3> </div> </div> </div> </div> </div> <div class=" container container-fluid"> <div > <div class="row"> <div class="component block-list col-12 mob-gap-3"> <div class="component-content"> <div class="previous-report-wrapper"> <div class="previous-report-item"> <img data-src="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/annual-report-2022.png?h=660&iar=0&w=450" alt="Public Investment Fund Annual Report 2022" width="450" height="660" class="lazy" /> <h4>Annual Report 2022</h4> <p>In 2022, PIF achieved significant growth in its Assets Under Management.</p> <div class="row"> <div class="component media-link file-list-files col-12"> <div class="component-content"> <div class="file-description"><div><div class="field-filetypeicon"><span class="pdf"></span></div></div><div><div class="field-linktext"><a title="PIF Annual Report 2022" href="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/pdf/pif-annual-report-2022.pdf" download="">PIF Annual Report 2022</a></div></div><div class="info-wrapper"><div class="file-size"><div class="field-size"><span>56.87 MB</span></div></div></div></div> </div> </div></div> </div> <div class="previous-report-item"> <img data-src="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/annual-report-21-en.png?h=660&iar=0&w=450" alt="Annual Reports" width="450" height="660" class="lazy" /> <h4>Annual Report 2021</h4> <p>PIF delivered a strong financial and operational performance during 2021.</p> <div class="row"> <div class="component media-link file-list-files col-12"> <div class="component-content"> <div class="file-description"><div><div class="field-filetypeicon"><span class="pdf"></span></div></div><div><div class="field-linktext"><a title="PIF Annual Report 2021" href="/-/media/project/pif-corporate/pif-corporate-site/our-financials/annual-reports/pdf/pif-annual-report-2021.pdf" download="">PIF Annual Report 2021</a></div></div><div class="info-wrapper"><div class="file-size"><div class="field-size"><span>45.89 MB</span></div></div></div></div> </div> </div></div> </div> </div> </div> </div> </div> </div> </div> </div></div> </div> </div></div> </div> </div> </div></div> </div> </div></div> </div> </main>   <footer> <div id="footer" class="container"> <div class="row"> <div class="component container col-12 footer-divider"> <div class="component-content" > <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-lg-12"> <div class="row"> <div class="component sitecore-form col-12" 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data-variantitemid="{409E0674-A462-451F-8628-99D5A8595BF6}">Financial Statements</a></div> </li> <li class="item5 even last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/investors/credit-rating/" data-variantitemid="{BC0C3ACD-5D81-421A-84E4-6FEDC4AB02A4}">Credit Ratings</a></div> </li> </ul> </div> </div> </div> </div> </div></div> </div> <div class="col-12 col-lg-4"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 footer-social-media-wrap"> <div class="row"> <div class="component cta-blocks col-12 footer-contact-nav"> <div class="component-content"> <h3>For any enquiries, <br/>get in touch</h3><a data-variantfieldname="Link" href="/en/contact-us/" data-variantitemid="{BEC67D6A-B9C8-438F-BA85-FD9C885496E2}">Contact Us</a> </div> </div> </div> </div> </div></div> </div> </div></div> </div> </div> <div class=" container container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-12 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data-variantitemid="{A2F0A92D-563D-4547-8760-98546161E848}">PIF Global Insights</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/in-the-media/" data-variantitemid="{97F18E13-230B-4A59-874B-AC7F9E7042C8}">In the Media</a></div> </li> <li class="item5 even last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/news-and-insights/press-contacts/" data-variantitemid="{62CD71AC-E4E0-4A34-AD34-ACD9EADDB55E}">Press Contacts</a></div> </li> </ul> </div> </div> <div class="component link-list col-12"> <div class="component-content"> <h3>Events</h3> <ul> <li class="item0 odd first last"> <div class="field-link"><a data-variantfieldname="Link" target="|Custom" href="/en/events/" data-variantitemid="{9B2282A3-EA5D-464A-BC64-95F49446A17F}">Events</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-lg-3"> <div class="row"> <div class="component link-list col-12"> <div class="component-content"> <h3>Private Sector Hub</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/" data-variantitemid="{FCCC9EC6-F57D-49CB-8110-A5DF7E9EF793}">Private Sector Hub</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" target="|Custom" href="/en/private-sector-hub/private-sector-initiatives/" data-variantitemid="{455758A4-87EE-403F-904A-5798FEC49224}">Private Sector Initiatives</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/explore-opportunities/" data-variantitemid="{993F5F7A-8AE9-4519-BD17-46ADDF6D0979}">Explore Opportunities</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/become-a-supplier/" data-variantitemid="{3DCC39B6-FEE2-4FCA-9A3D-481DF4EDD6DA}">Become a Supplier</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/success-stories/" data-variantitemid="{C2CD350F-D0DF-43DC-898D-EECC0CD01CB0}">Success Stories</a></div> </li> <li class="item5 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/leadership-vision/" data-variantitemid="{44AAFA6F-8C68-43EE-8B92-1786FEF5170B}">Leadership Vision</a></div> </li> <li class="item6 odd last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/private-sector-hub/faq/" data-variantitemid="{B6624DC9-9C74-4F68-A480-4A9FDA887C69}">FAQ</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-lg-3"> <div class="row"> <div class="component link-list col-12"> <div class="component-content"> <h3>Careers</h3> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en/careers/" data-variantitemid="{917A7C9A-2CB7-43A2-8FAA-96749C744471}">Careers</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/careers/graduate-development-program/" data-variantitemid="{7C4B7B3D-D0A9-45DF-AC97-6752A5908DF7}">Graduate Development Program</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en/careers/meet-the-pif-experts/" data-variantitemid="{BB237765-B902-4D9B-BD7E-605932E9FAC2}">PIF Experts</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en/careers/faces-of-pif/" data-variantitemid="{F470CF5D-E0ED-4C86-A295-2E9E46ED410A}">Faces of PIF</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-lg-3 footer-less-margin"> <div class="row"> <div class="component link-list col-12"> <div class="component-content"> <h3>Vendor Gate</h3> <ul> <li class="item0 odd first last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/vendor-gate/" data-variantitemid="{E181BAA4-CBCA-44B9-8E5B-A4AFCF2DF7EE}">Vendor Gate</a></div> </li> </ul> </div> </div> </div> </div> </div></div> </div> <div class="col-12 col-lg-4"> <div class="row"> <div class="component container col-12"> <div class="component-content" > <div class="row"> <div class="component link-list col-12" id="managers-menu"> <div class="component-content"> <h3>Managers Gate</h3> <ul> <li class="item0 odd first last"> <div class="field-link"><a data-variantfieldname="Link" href="/en/managers-gate/" data-variantitemid="{FAF7B8D9-5B57-4749-A5EF-ECF3521C4E0F}">Managers Gate</a></div> </li> </ul> </div> </div> </div> </div> </div> <div class="row component column-splitter"> <div class="col-12 footer-social-media-wrap"> <div class="row"> <div class="component cta-blocks col-12" id="contact-mobile-view"> <div class="component-content"> <h3>For any enquiries, <br/>get in touch</h3><a data-variantfieldname="Link" href="/en/contact-us/" data-variantitemid="{BEC67D6A-B9C8-438F-BA85-FD9C885496E2}">Contact Us</a> </div> </div> </div> </div> <div class="col-12 footer-social-media-wrap"> <div class="row"> <div class="component link-list col-12 footer-social-media-wrap"> <div class="component-content"> <ul> <li class="item0 odd first"> <a href="https://www.facebook.com/pif/" target="_blank"><i class="fa-brands fa-facebook"></i></a> </li> <li class="item1 even"> <a href="https://www.instagram.com/publicinvestmentfund/?igshid=1j2de475jpgb4" target="_blank"><i class="fa-brands fa-square-instagram"></i></a> </li> <li class="item2 odd"> <a href="https://www.linkedin.com/company/pifsaudi" target="_blank"><i class="fa-brands fa-linkedin"></i></a> </li> <li class="item3 even"> <a href="https://twitter.com/PIF_en" target="_blank"><i class="fa-brands fa-x-twitter"></i></a> </li> <li class="item4 odd last"> <a href="https://www.youtube.com/channel/UCmAwCcpGQFeAUbCCTkv7yxQ" target="_blank"><i class="fa-brands fa-youtube"></i></a> </li> 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