PIF opens three new subsidiary companies offices in London, New York and Hong Kong as Fund continues expansion globally

Press Releases
23 February 2022 Riyadh, London, New York, Hong Kong
PIF opens three new subsidiary
  • Offices reflect PIF's international presence and global focus
  • PIF has grown  significantly with employees representing more than 44 countries globally
The Public Investment Fund (“PIF" or the “Fund") today announced it has opened three new subsidiary companies offices in London, New York and Hong Kong. The moves are in line with PIF's continued expansion and will assist in the Fund's future international growth.

PIF is an active investor in some of the world's most innovative and transformational industries and businesses – including in the UK, Europe, U.S., Asia and South America. The new subsidiary companies offices will further enable PIF to continue to work with its partners across regions globally while helping to transform global economies and drive the economic transformation of Saudi Arabia.

 The opening of the subsidiary companies offices is in line with PIF's growth strategy and reflects its commitment to its global partnerships and in investing in sectors, industries and companies that will shape the economies of the future.

 PIF's ongoing international expansion comes as the Fund continues to make strong progress against its Strategy 2021-2025. As part of this strategy, PIF plans to grow its assets under management to USD1.07 trillion by the end of 2025 while continuing to create new sectors, companies and jobs. A key element of PIF's success has been the strategic economic partnerships it has developed with many of the world's leading investors and businesses.