Saudi Arabia’s Public Investment Fund reportedly low on money after numerous investments
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Key points
- The Public Investment Fund (PIF) is supposedly running low on cash for new investments.
- Though crowned prince Mohammed bin Salman says the PIF holds $1 trillion in assets, a huge portion of reportedly liquid with no public valuations available.
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In late October, the International Olympic Committee and the Saudi Olympic Paralympic Committee concluded their partnership, which was originally marketed to go for years.
The kingdom’s Public Investment Fund (PIF), is reportedly running low on cash for new investments, according to a report from The NY Times. Prince Mohammed and his deputies reportedly spent a large portion of the nation’s fund on projects in financial distress, prompting them to frantically attempt to turn circumstances around. This news was sourced to eleven people briefed on its operations. The source includes current employees, board members, investors, and their representatives.
Mohammmed bin Salman is overseeing restructuring of the kingdom’s wealth fund. Mohammed bin Salman told reporters that his nation will invest $1 trillion in America. The PIF is said to hold $1 trillion in assets, but a huge portion of the assets are liquid with no public valuations available.
In late October, the International Olympic Committee (IOC) and the Saudi Olympic and Paralympic Committee (SOPC) sat down with the Esports World Cup Foundation to officially end their partnership. The PIF is the primary vehicle for Saudi’s coordinated investment in the global and domestic sports ecosystem, which includes within the realm of esports.
The Public Investment Fund acquired Electronic Arts (EA) for $55 billion in an all-cash transaction in Sept. 2025. It is also the financial backer of the Esports World Cup, an annual tournament held in Riyadh.
