<The approval of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud was issued, based on the recommendation of the Council of Economic and Development Affairs to allocate an amount of one hundred billion riyals from the reserves to the Public Investment Fund with the aim of diversifying the investment portfolio and improving investment returns. The Public Investment Fund explained that its investment strategy will focus during the coming period on a number of promising opportunities in the local and international market, especially some opportunities in the local market with a rewarding expected return that supports private sector investments, economic growth and local content.
The amount will be invested in specific time phases within the framework of the Kingdom's Vision 2030 programs and its targets, which are expected to have a positive role on the overall return on investments and diversification of sources of income, God willing.