plans to double its assets to 4 trillion riyals by 2025, Prince Mohammed bin Salman said on Sunday, January 24, a move that would make it one of the world's biggest sovereign wealth funds.
The prince has long pushed the PIF as a central plank in his plan to find ways of driving growth while weaning the economy off its dependence on oil. Crude exports still account for more than half the kingdom's income. The prince said the fund, which has already increased its assets under management to 1.5 trillion riyals by 2020 from 150 billion riyals in 2015, was on track to meet its goal of having more than 7.5 trillion riyals of assets under management by 2030.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Senate passes budget plan to advance Biden’s $1.9T Covid aid packageWASHINGTON — President Joe Biden&039;s drive to enact a $1.9 trillion coronavirus aid bill gained momentum early on Friday as the U.S. Senate narrowly approved a budget blueprint allowing Reuters Take profit
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Thai Amata to slow investment in $1-billion Myanmar industrial zone after coupAmata is among the foreign businesses operating in Myanmar that scrambled to understand the situation after the military seized power.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Robinhood raises $1 billion of fresh funding from existing investorsThe latest funding comes at a crucial time for Robinhood, which is also preparing for a high-profile initial public offering in 2021. Do you know you can earn over $10k to $100k with just your minimum capital investment,Trade with our platform today and earn weekly from Bitcoin trade. Note you are entitled to remit us 20% from your earning after the end of the trade as our commission. No hidden fees
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Bitcoin collector MicroStrategy fills its wallet with another $1 billion
Source: ABSCBNNews - 🏆 5. / 83 Read more »
'People are hurting': US House Democrats ready to push through Biden's $1.9T COVID-19 planThe great fall !!
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Bitcoin's market value tops $1 trillionThe trillion-dollar market value club has a new member: bitcoin. The total number of bitcoins trading are now collectively worth more than $1 trillion. 🚀 Libonomy engine Aphelion continuously improves by itself to grant the best performance at all times. 🚀
Source: CNN Philippines - 🏆 13. / 63 Read more »