The high assets of the Public Investment Fund to 4.3 trillion riyals at the end of 2024 #Urgent
The results of the General Investment Fund for 2024 showed the rise of assets The Fund by 18% to 4.3 trillion riyals." target ="_Blank"> Public Investment Fund by 25% to 413 billion riyals." target ="_Blank"> Revenue , with the support of the performance of wallet companies such as "Savory" and"Minerals" and"STC" and"The Saudi National Bank"In addition to distributions "Aramco"And increasing the contribution of major projects. A trillion riyals at the end of 2024, compared to 3.664 trillion riyals in the previous year. />
During the year 2024, the fund continued to diversify its financing tools with a remarkable success, within the framework of its strategy aimed at enhancing its financial flexibility and consolidating its position in global markets. Sterling worth 650 million pounds. As a whole. It aims to raise the quality of the hospitality sector in Saudi Arabia. "Adira" To manage and operate a series of new Saudi hotel brands, in a step that establishes the Kingdom’s aspiration to develop the local hospitality sector on global foundations. "Aria Cruz"While continued a project "Riyadh airline" Achieving great progress in preparation for launching its commercial operations in 2025, after concluding a series of strategic partnerships with international companies in the aviation and technology sectors. "Sage" In the field of infrastructure- to provide integrated residential solutions for workers, in response to the increasing demand for residential complexes. "STC" To integrate the assets of communications towers, which paves the way to establish the largest company of its kind in the region, which is a qualitative development that enhances the efficiency of the telecommunications sector and expanded its competitive capabilities. "Tassi 50" Which reflects the performance of the 50 largest companies liquid in terms of liquidity. "Black Rock" International to create a multi -asset investment platform, aims to stimulate institutional investment and expand investor options.
Artificial Intelligence
and in the field of modern technologies and artificial intelligence, the Public Investment Fund launched a company "Machinery" Which will take the development of local manufacturing capabilities in strategic areas that include semiconductor, smart devices, robots, and artificial intelligence infrastructure. "Google Cloud"In a move that strengthens Saudi Arabia’s aspirations to be a regional center for technological innovation. "New Space Group" To lead the satellite industry and geographical data in Saudi Arabia, he adopted an advanced platform for evaluating investments that depend on artificial intelligence models, and launched a language model for supporting analysis and preparing investment reports. "Avilis" To rent aircraft – affiliated with the Fund – an annual growth in net profits by 382%, and its revenues increased by more than 350%, with the expansion of its fleet to reach 189 aircraft. "Roshen" Its expansion in the residential sector is to launch thousands of units in the cities of Makkah Al -Mukarramah, Jeddah and Dhahran, while the company invested "Machinery" About 401 million riyals to develop an advanced facility for the manufacture of robots inside the Kingdom in partnership with the Softbank Group. /> Today, the Public Investment Fund published its unified financial lists for the year ending in 2024 via the London Stock Exchange, as part of its commitment to the continuous disclosure requirements for the issues of debt tools.
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